Thoughts on $SGO Recently Despite the great news that $SGO $SGO.v recently completed a PEA that showed promising results at the Cerro Caliche gold project, they’re currently down 11.1%. So how did this happen following such good news?
Well from what I’ve gathered it seems that due to junior gold stock investors getting pretty beat up over the past 3 months that many of them were holding off taking profits on $SGO as they hoped the PEA news would push the price higher and give them a chance to sell. Meaning, when the PEA came out it was seen as a liquidity event at whatever the price.
No matter the exact reason, $SGO ‘s PEA showed some great results and I think it won’t be long until many people watching the stock decide to buy.
https://sonorogold.com/news/5062/