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Signal Gold Inc ANXGD


Primary Symbol: T.SGNL

Signal Gold Inc. is a Canada-based gold development company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Post by DoumDiDoumon Sep 17, 2023 11:59am
277 Views
Post# 35640313

Weekly Stats

Weekly StatsIt's been a while since I compiled the weekly stats. I will be honest, summer doldrums and the weak apetite of the markets for gold junior miners reached to me, and I guess to some of you too, and I was not motivatied to publish numbers in that boring period, with tiny volume. My time was better spent doing outdoor activities before fall catches us.

Well, interresting things happened last week and I'm feeling a turnover is about to happen. I wanted to see if my guts were right and decided to compile the stats for the last 5 weeks. We got great news published in the last 2 weeks and got some promo efforts with Kevin being at Beaver Creek Summit and the interview with Crux. Here are what we learned:

- Drilling results just west of the 2 proposed pit returned some nice intersections (
including 26.09 G/T Gold Over 8.9 Metres and 11.79 G/T Gold Over 4.1 Metres)
- A airborn survey over the entire land package has been done and geologists are currently analysing the data
- With the current SP, management is working on proving that there are promising exploration upsides and is looking for a partner to prove/create a new gold district in Nova Scoatia and to develop it.
- Kevin probably used his amenuities for the trip to Beaver Creek to buy some shares on the open markets on Friday
- The market maker broker ITG has been on the buying side, suggesting that someone is cumulating shares

The weekly stats suggests that some people liked what they say as the volume for this week was 225% higher over the average of the 5 previous weeks on the TSX. The volume weighted average price has been also climbing during the last 2 weeks.

On the macro side, gold got a nice weekly finish and closed the week 1.4% higher at 1945.60$ while gold miners follows the trend with the senior minors (GDX) climbing 
4.9% and the juniors (GDXJ) outperforming the two others with a 5.1% increase. Does it mean investors are considering the precious metal sector again? We will see in the next couple of weeks.


Date Open Close Yield Volume ** VWAP*** VWAP Var. WAGP**** WAGP Var.
Sept 11, 2023 ! 0.215 0.215 2.38% 319 922 0.213 1.43% 1 915.40 -0.57%
Sept 4, 2023 *! 0.21 0.21 0.00% 92 970 0.21 4.48% 1 926.30 -0.71%
Aug 28, 2023  0.205 0.21 0.00% 202 900 0.201 -4.29% 1 940.10 1.77%
Aug 21, 2023 ! 0.22 0.21 -2.33% 101 050 0.21 -4.55% 1 906.40 0.32%
Aug 14, 2023  0.22 0.215 -4.44% 117 950 0.22 -2.65% 1 900.40 -1.20%
Aug 7, 2023 * 0.225 0.225 0.00% 189 593 0.226 0.89% 1 923.50 -0.94%
July 31, 2023  0.24 0.225 -2.17% 263 401 0.224 -5.49% 1 941.80 -0.77%
July 24, 2023  0.235 0.23 0.00% 418 206 0.237 4.41% 1 956.90 -0.53%
July 17, 2023  0.22 0.23 4.55% 162 910 0.227 1.79% 1 967.30 1.18%
July 10, 2023 ! 0.23 0.22 -4.35% 213 292 0.223 -2.62% 1 944.40 1.14%
July 3, 2023 *! 0.235 0.23 2.22% 90 348 0.229 -6.53% 1 922.40 0.52%
June 26, 2023  0.22 0.225 9.76% 400 427 0.245 13.95% 1 912.40 -0.68%
June 19, 2023 ! 0.24 0.205 -14.58% 677 700 0.215 -11.52% 1 925.40 -1.51%
June 12, 2023 ! 0.245 0.24 -2.04% 718 018 0.243 -1.22% 1 955.00 -0.37%
June 5, 2023 ! 0.26 0.245 -5.77% 744 404 0.246 -2.38% 1 962.20 -0.07%
May 29, 2023 ! 0.26 0.26 0.00% 626 609 0.252 -5.62% 1 963.60 0.13%
May 22, 2023 *! 0.28 0.26 -3.70% 470 743 0.267 -6.97% 1 961.10 -1.19%
May 15, 2023 ! 0.295 0.27 -6.90% 583 135 0.287 -1.03% 1 984.70 -2.03%
May 8, 2023  0.305 0.29 -4.92% 399 568 0.29 -4.29% 2 025.80 0.60%
May 1, 2023 ! 0.315 0.305 -6.15% 382 092 0.303 -6.77% 2 013.80 1.33%
Apr 24, 2023  0.33 0.325 -2.99% 284 706 0.325 -6.61% 1 987.40 -0.30%
Apr 17, 2023 ! 0.35 0.335 -1.47% 120 859 0.348 1.16% 1 993.30 -1.31%
Apr 10, 2023  0.35 0.34 0.00% 287 060 0.344 1.18% 2 019.70 0.66%
Apr 3, 2023 * 0.345 0.34 0.00% 346 063 0.34 1.49% 2 006.40 2.16%
                 
* Market was open 4 days or less during the week in Canada        
** Volume on the TSX only          
*** Volume Weighted Average Price          
**** Weekly Averaged Gold Price in $US          
An exclamation mark (!) indicates that news were published during the week

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