OGC keeps displaying weakness even though the gold price and the majority of gold miners have been rising. Since hitting a high near $6 in 2016, the price has trended down with lower highs each time there was a bit of excitement. It is now trading near long term support zone of $3.
This current price presents a unique opportunity to invest in a world class gold operation at a bargain price in my opinion. Of course there are no guarantees, but OGC should do very well in a stronger gold price environment. So if you believe in the story of gold and have a bit of patience, OGC could potentially delivery handsome rewards in the future.
OGC Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
