Pretium Resources' stock was trading at $6.64 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PVG stock has increased by 21.5%
Thanks for your post Smittle.
I still hold PVG although I have cut down my position in it by 40% scince last fall's debacle earning,s bust . I liked your comparison of price of March 11to now so I decided to check on my favorite PM holdings and see how they did. I added in PAAS,ABX and AEM which I like to use for comparison purposes sometimes but don't hold at present although I have had some PAAS shares in the recent past.
Some stocks had more covid-19 downtime than others I think PVG was relatively ok as they did not stop operating as far as I am aware but obviuosly had to make changes that would slow production down.
BTW I used Canadian closings so for PVG my results are slightly different and come out as 21.6% instead of your 21.5%.
Closing prices and % gain from June 26 2020 - March 11 2020
NG 11.75/10.29 14.2% *
PVG 11.09/9.12 21.6%
KL 53.01/41.68 27.2%
AEM 84.09/25.84 35.0%
ABX 35,36/25.84 36.8%
FR 12.83/9.04 41.1%
PAAS 39.02/26.02 50.0%
AXU 2.90/1.72 68.6%
NVO 3.81/2.14 78.0%
SSL 12.78/7.05 81.3%
WM 1.09/.52 103.8%
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to note NG came under a short seller attack released May 28 2020 similar to what happened to PVG last year. On May 27 it closed at $14.85 and $13.40 on May 28. at that time using $14 as a reference point PVG was up 36.1% but has fallen scince the attack began and is now up only 14.2% a drop of 21.9%.
In the same period May 28 to June 26 PVG dropped 8%
Unfortunately in this admittedly limited group of PM stocks PVG does not compare well in price performance in the last 3 ½ months.
miningman wrote: The shorters are not playing games!!!. This is deadly serious business and with the SP down around 22% since Jan 1st , you just KNOW that if there is any panic , it is not the shorters who are nervous. Look at KL or WDO and then ask yourself where do you want to risk your investment $$$. Q2 results will be out in about 6 weeks. MIll heads will tell the story.