Gold Standard Ventures Corporation (NYSEMKT:GSV) has risen sharply, recording gains of 13.86% in the past 4 weeks. However, the stock has corrected -3.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 372.50% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $2.10 and the one year low was seen on Jul 16, 2015. The 50-Day Moving Average price is $1.73 and the 200 Day Moving Average price is recorded at $1.16.
The stock has recorded a 20-day Moving Average of 5.59% and the 50-Day Moving Average is 16.35%.
Gold Standard Ventures Corporation (NYSEMKT:GSV): stock turned positive on Friday. Though the stock opened at $1.84, the bulls momentum made the stock top out at $1.9 level for the day. The stock recorded a low of $1.65 and closed the trading day at $1.89, in the green by 2.72%. The total traded volume for the day was 1,268,470. The stock had closed at $1.84 in the previous days trading.
Gold Standard Ventures Corp. is a Canada-based gold exploration company. The Companys flagship property is the Railroad-Pinion Project. Railroad-Pinion Project is an early to intermediate stage gold exploration project situated at the southeast end of the Carlin Trend of northcentral Nevada. Railroad-Pinion Project straddles the Pinon Range in the Railroad Mining District of northeastern Nevada and consists of a contiguous land position totaling about 30,404 gross acres (12,304 gross hectares) and 28,721 net acres (11,623 net hectares) of land in Elko County, Nevada. As of March 31, 2015, the Company had a total of 16,439 gross acres (6,652 gross hectares) of subsurface mineral rights in the form of patented and unpatented mineral lodes (claims) and 13,965 gross acres (5,651 gross hectares) of subsurface mineral rights secured or controlled by a contractual interest in private surface and mineral property in the form of surface use agreements and mining/mineral lease agreements.