PennyStocks101

SBGL Continues To Boom But Why?

NYSE:SBGL   None
I'm not complaining but lower production guidance and analyst downgrades aren't adding up in my opinion. But yet it was the top-performing gold stock over the last 52 weeks. Anyone have more insight on this that I might have missed?

"Furthermore, it guided its full-year U.S. PGM production would come in between 590k-610k. This was actually much lower than it had previously guided. But despite these results, the stock has managed to move even higher...Investec Asset Management Proprietary Limited has increased its total holdings from 4.9599% to 5.3343% of the total issued shares of the Company."

Source: What Are The Best Gold Stocks? 4 Names To Know Right Now


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