Vista Gold Corp. (VGZ)
Speculators unquestionably must be content with Vista Gold Corp. (VGZ ) and its transient execution. All things considered, the stock has hopped by 203.7% in the previous 4 weeks, and it is likewise over its 20 Day Simple Moving Average also. This is surely a decent pattern, yet speculators are presumably asking themselves, would this be able to positive pattern proceed for VGZ?
While we can never know without a doubt, it is entirely reassuring that evaluations for VGZ have moved higher in the previous couple of weeks, implying that expert notion is moving in the correct way. In addition, the stock really has a Zacks Rank #2 (Buy), so the late move higher for this spotlighted organization may proceed throughout the following couple of weeks.
Denver, Colorado-based Vista Gold Corp. is an international gold mining company with a 20-plus year history of gold exploration, development and operations. The company’s two main projects are the Concordia gold project located in Baja California Sur, Mexico, and the Mt. Todd gold project in Northern Territory, Australia.
The company’s shares are currently trading around 1.04 a share with an average volume of 439,893 shares. Its outstanding shares are standing around 84 million.
The company recently announced results for the second quarter of 2016. Its net income stood around $1.6 million or $0.02 per share, including an unrealized $3.3 million mark-to-market gain on its investment in Midas Gold Corp. In the same period of last year, it generated net income of $3.6 million or $0.04 per share.
In the first half of this year, its working capital totaled about $16.0 million, which includes cash and short-term investments, while the company has no debt at the moment..