segunda-feira, setembro 04, 2006

Junior Gold companies (StrataGold Corp)

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Chart courtesy of
http://stockcharts.com

StrataGold Corporation (SGV.TO), listed in the Toronto Stock Exchange, is a gold development company focused on advancing two gold projects to production. In 2004, StrataGold acquired two advanced stage gold project, the 1,425 hectare Tassawini property located in Guyana, South America, and the Dublin Gulch and Clear Creek properties in Yukon, Canada.

StrataGold has strong institutional shareholder base, including institutional funds in both North America and Europe, and Newmont Canada (which owns13,4% of the company).

StrataGold has become a public mineral exploration company on November 7, 2003 following an IPO at C$0.40 per share.

Since an intermediate minimum in May of 2005 (C$0.31), its share price climbed to make a top in May at 1.70. Then a huge and healthy correction took prices to just 0.96 (end of August) in what appeared to be a real bottom. Now price action is very strong and have breakout both EMA200 and EMA50 heading to exceed resistance at 1.30.

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