Ely Gold Royalties Inc ELYGF

Metals & Mining Industrial Metals & Minerals

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an interest in Fenelon property; Isabella Pearl and Jerritt Canyon among other operations.

OTCQX:ELYGF - Post by User

Ely Gold Royalties Inc > Looks like ELY has now bottomed

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Comment by AngelEyes3on Sep 04, 2020 8:57pm

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RE:Looks like ELY has now bottomed

I agree with your comments. I think it bottomed at 1.36 today and the chart shows this point. We have had a 33 percent retracement from the recent highs. I also think we have seen the bottom but given the fact Gold ans Silver are still turning down for the moment we might see further weakness. But Ely has been correcting while gold and silver were making recent highs. I might be adding next week to my position once I see the turn is correct

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