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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by taylor1988on Mar 13, 2012 10:11am
235 Views
Post# 19661777

RE: What happened to the volume

RE: What happened to the volume

Maybe all the $1.07, $1.08 and $1.09's were bought so there's less shares available to go around.. not to mention we've confirmed our double bottom so sellers don't have their finger on the sell trigger ready to bail on a $1.07 break. 

 

No question this is going higher.. GWY and CAN were the two steals of this week which have been taken down much harder than the majority of the junior sector.

 

I predict $1.09 low today for CAN if not $1.10 confirming higher lows and I don't think we see sub $1.13 after today.. cheap shares won't last long especially after the double bottom confirmation has held.

 

Nevermind the fact you're paying 60 cents a share for CAN currently after the 52 cents in cash

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