Canaccord's Genuity price target on the 15 December was 60c. It was 50c at the time. They are one of the major firms to aquire GXY this last 12 months. Maybe they are selling off now that their price target is hit? Need some current broker data to see what is transpiring! Other brokers have given Galaxy a price target of 76c so will be interesting to see what plays out in the near term. We hit the resistance level from August 2011 today. Maybe we have to hammer through that yet after some consolidation at this level? Anyone have some ideas?
Galaxy... GXY... Chart..., page-1504
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