A small Gold stock (OTC: JSHG) been active this year small float. check out the news. Had a nice run to .40 now sitting at .13x.14 may be ready to run again.
Good Article-
Joshua Gold Resources Inc. (OTC: JSHG) is currently on a bull run after the company presented its new Chief Geologist, Fred Sharpley. Besides, the recent gold price spike and Joshua’s preliminary exploration work on its gold properties in Northern Ontario explain the market move. We are talking about triple-digit stock returns since September 2019.
Volume And Price Analysis
Since the company commenced trading in August 2019, the stock volume increased to more than 0.6 million shares exchanged in only one session. The company was not able to move even 0.1 million shares a few weeks ago. Thus, it appears quite obvious that the stock demand is creeping up fueled by the recent news.
After bottoming in September at $0.1 mark, the stock price increased to cross the $0.2 mark. The market move represented more than 100% stock returns. But, that’s not all. In October, the price spiked up from the level of $0.2 to hit initially the $0.30 mark, and finally almost $0.4 mark. As of October 22, 2019, the shares are being sold at $0.3 after a small decline in market volume. With this impressive price reaction, the market should be expecting additional news from Joshua Gold:
Business Model And Properties
Headquartered in Canada, Joshua Gold explores properties that are contiguous to other gold-producing mines. The business strategy appears smart. Finding gold-bearing geological structures close to existing mines is likely.
The latest acquisitions of claims were announced in 2017. On March 28, 2017, the company acquired 100% interest in 33 claims (1,320 acres) in Rollo Township, Northern Ontario, Canada. The property is located close to an existing gold project:
“The proximity of the C1 Mortimer trench gold occurrence, as well as the Kenty gold deposit a few hundred meters to the south, in conjunction with the existence of favorable rock type units are arguments in support of extending the Company’s gold exploration interest on the newly acquired claims.” Source: Press Release
As of March 7, 2017, the company also reported the acquisition of three claims (120 acres) in Asquith Township, Northern Ontario, Canada. The agreement included one hundred thousand shares of common stock, which the market may not appreciate, and a two percent Net Smelter Royalty. With that, the contract also included an option to acquire up to 50% of the two percent royalty for $1 million. It is very valuable information. If the mineral exploration stage is positive, the option could be worth a significant amount of money.
New Market Expectations
In August 2019, the company announced the appointment of Fred Sharpley, which the market appreciated quite a bit. There are two reasons to like the business executive. Firstly, he brings over 57 years of expertise in the exploration business as a mine geologist for the Keevil Mining Group as well as Temagami Mining Company Ltd. Besides, the market will most likely appreciate that he has been exploring gold opportunities for companies like Opawica Explorations Inc., Detour Gold Corp., and Sabina among others.
In addition, Mr. Sharpley is expected to continue the JV exploration on the C-1 Property in Northern Ontario. Fred Sharpley seems to be preparing preliminary exploration work on its properties located in the Shiningtree area of Northern Ontario.
Many things appear to be changing. It seems pretty obvious that the recent announcement increased the market optimism. If Joshua Gold continues to release positive press releases, we don’t see why the share price would not creep up.
Bottom Line
Currently trading with a market capitalization of $35 million, total liabilities of $0.9 million and negative book value, Joshua Gold has significant room for improvement, particularly in its financial figures. With that, the company reports financials similar to that of other exploration stage mining companies. If Joshua Gold has sufficient liquidity to develop its exploration activities, the state of the balance sheet may not matter that much.
Let’s keep an eye on this name, as the management may surprise us once again soon!
DISCLAIMER
This website/newsletter is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: SCS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold SCS LLC, its operator’s owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SCS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SCS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SCS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, SCS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, SCS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure. SCS LLC has NOT been compensated for the mention of JSHG. We do not hold any form of equity in JSHG.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA.
Good Article-
Joshua Gold Resources Inc. (OTC: JSHG) is currently on a bull run after the company presented its new Chief Geologist, Fred Sharpley. Besides, the recent gold price spike and Joshua’s preliminary exploration work on its gold properties in Northern Ontario explain the market move. We are talking about triple-digit stock returns since September 2019.
Volume And Price Analysis
Since the company commenced trading in August 2019, the stock volume increased to more than 0.6 million shares exchanged in only one session. The company was not able to move even 0.1 million shares a few weeks ago. Thus, it appears quite obvious that the stock demand is creeping up fueled by the recent news.
After bottoming in September at $0.1 mark, the stock price increased to cross the $0.2 mark. The market move represented more than 100% stock returns. But, that’s not all. In October, the price spiked up from the level of $0.2 to hit initially the $0.30 mark, and finally almost $0.4 mark. As of October 22, 2019, the shares are being sold at $0.3 after a small decline in market volume. With this impressive price reaction, the market should be expecting additional news from Joshua Gold:
Business Model And Properties
Headquartered in Canada, Joshua Gold explores properties that are contiguous to other gold-producing mines. The business strategy appears smart. Finding gold-bearing geological structures close to existing mines is likely.
The latest acquisitions of claims were announced in 2017. On March 28, 2017, the company acquired 100% interest in 33 claims (1,320 acres) in Rollo Township, Northern Ontario, Canada. The property is located close to an existing gold project:
“The proximity of the C1 Mortimer trench gold occurrence, as well as the Kenty gold deposit a few hundred meters to the south, in conjunction with the existence of favorable rock type units are arguments in support of extending the Company’s gold exploration interest on the newly acquired claims.” Source: Press Release
As of March 7, 2017, the company also reported the acquisition of three claims (120 acres) in Asquith Township, Northern Ontario, Canada. The agreement included one hundred thousand shares of common stock, which the market may not appreciate, and a two percent Net Smelter Royalty. With that, the contract also included an option to acquire up to 50% of the two percent royalty for $1 million. It is very valuable information. If the mineral exploration stage is positive, the option could be worth a significant amount of money.
New Market Expectations
In August 2019, the company announced the appointment of Fred Sharpley, which the market appreciated quite a bit. There are two reasons to like the business executive. Firstly, he brings over 57 years of expertise in the exploration business as a mine geologist for the Keevil Mining Group as well as Temagami Mining Company Ltd. Besides, the market will most likely appreciate that he has been exploring gold opportunities for companies like Opawica Explorations Inc., Detour Gold Corp., and Sabina among others.
In addition, Mr. Sharpley is expected to continue the JV exploration on the C-1 Property in Northern Ontario. Fred Sharpley seems to be preparing preliminary exploration work on its properties located in the Shiningtree area of Northern Ontario.
Many things appear to be changing. It seems pretty obvious that the recent announcement increased the market optimism. If Joshua Gold continues to release positive press releases, we don’t see why the share price would not creep up.
Bottom Line
Currently trading with a market capitalization of $35 million, total liabilities of $0.9 million and negative book value, Joshua Gold has significant room for improvement, particularly in its financial figures. With that, the company reports financials similar to that of other exploration stage mining companies. If Joshua Gold has sufficient liquidity to develop its exploration activities, the state of the balance sheet may not matter that much.
Let’s keep an eye on this name, as the management may surprise us once again soon!
DISCLAIMER
This website/newsletter is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS LLC.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: SCS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold SCS LLC, its operator’s owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. SCS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SCS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SCS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, SCS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, SCS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure. SCS LLC has NOT been compensated for the mention of JSHG. We do not hold any form of equity in JSHG.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA.
