Mawson Gold Ltd V.MAW

Alternate Symbol(s): MWSNF

Metals & Mining Gold

Mawson Gold Limited is a Canada-based Nordic exploration company. The Company is engaged in gold/uranium exploration. The Company holds the Skelleftea North gold discovery and a portfolio of historic uranium resources in Sweden. The Company owns or controls three high-grade, historic epizonal goldfields covering approximately 470 square kilometers (km2) in Victoria, Australia. Its Australian projects include Sunday Creek, Whroo and Redcastle. It has the right to earn in 85% of the Skelleftea North Gold Project, which consists of approximately 2,500 hectares (ha) of contiguous 100%-owned claims. The Company holds six exploration licenses, which cover over 16,138 ha. All these exploration licenses are granted and are located through central and northern Sweden to explore for zirconium, scandium, yttrium and lanthanum and other lanthanides (rare earths) (Euro Canna projects). The Euro Canna projects also host the majority of Sweden's conventional hardrock historic uranium resources.

TSXV:MAW - Post by User

Mawson Gold Ltd > Descending triangle in volume for SXG

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Post by Benny007on May 16, 2024 9:37pm

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Post# 36044673

Descending triangle in volume for SXG

Since the big jump in the share price for SXG on May 10, here are the daily volumes :

May 10 : 1.61 M
May 13 : 1.06 M
May 14 : 794k
May 15 : 409k
May 16 : 442k

forming a nice descending triangle in volume, while share price went from $3.21 to $2.83 (-12%).

Daily volume is now back to where it was (in average) before the pop in price, so this could mean that profit taking might be over soon.

If so, share price could be on the rise again, specially if volume picks up nicely. JMHO

GLTA,

Benny007

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