Large Inflow of Money Witnessed in B2Gold Corp

B2Gold Corp (BTG) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $1.53 million worth of transactions were on upticks, whereas, the downticks accounted for $0.85 million worth of transactions. The net money flow was a positive $0.68 million and the uptick to downtick ratio was 1.81. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 5.86 in their favor. The net money flow into the stock was $0.59 million. The value of block trades done on downticks was only $0.12 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.71 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. B2Gold Corp (BTG) was trading at $2.81, down $0.13 during day. The stock slid -4.42% over the previous days close. For the week, the stock recorded 0.36% over the previous weeks close.


B2Gold Corp (BTG) stock is expected to deviate a maximum of $0.61 from the average target price of $2.21 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $3 and the most muted being $2. The stock has recorded a 20-day Moving Average of 19.88% and the 50-Day Moving Average is 31.05%.

B2Gold Corp (NYSEMKT:BTG): The stock opened at $2.93 on Thursday but the bulls could not build on the opening and the stock topped out at $2.95 for the day. The stock traded down to $2.77 during the day, due to lack of any buying support eventually closed down at $2.81 with a loss of -4.42% for the day. The stock had closed at $2.94 on the previous day. The total traded volume was 5,379,732 shares.

B2Gold Corp. (B2Gold) is a gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. The Company operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. The Company has an effective 81% interest in the Kiaka gold project in Burkina Faso, a 49% interest in the Gramalote property in Colombia, and an interest in the Quebradona property in Colombia. In addition, B2Gold has 90% interest in the Fekola Project in Mali. Its subsidiaries include Philippines Gold Processing & Refining Corporation, Desarrollo Minero de Nicaragua, S.A., Triton Minera S.A., B2Gold Namibia (Pty) Ltd., Songhoi Resources SARL, Kiaka Gold SARL, Mocoa Ventures Ltd. and Minesa Nueva Esperanza S.A.

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