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KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Comment by Highwaveon Jan 03, 2018 6:07pm
153 Views
Post# 27274963

RE:Reviewed

RE:ReviewedThe good news is either next week or the following week you should get your wish on Q4 production results with 2018 production guidance.   I think the volume is up as gold is way up in a short time.  More people are looking at the metal.  The selling could be short covering but my guess is the algo's are back running the show.  I saw a bunch of 1 share trades during the session and the amount of trading at the end of the day is not the small investor, its the machines.  There was over 100,000 shares traded at 4pm EST exactly.  The machines will change their tune with larger production numbers.  I remember seeing a news article recently claiming that over 60% of NYSE trading volume is now algo driven.  So bigger volume does not really mean someone is in the know.  
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