In the past month, the B2Gold Corp (NYSEAMERICAN:BTG) stock has emerged as one of the notable movers from among gold stocks and managed to clock gains of as much as 10% amidst significant interest.
Trading Data
On Thursday, BTG stock fell 0.20% to $4.61 with more than 10.22 million shares, compared to its average volume of 11.35 million shares. The stock moved within a range of $4.5850 – 4.6800 after opening trade at $4.66.
B2Gold Announces Updated and Significantly Increased Mineral Resource Estimate for the Anaconda Area, Located Near the Fekola Mine, Mali
In light of such steady gains over a reasonable period of time, it may now be a good time for investors to consider looking into the stock a bit more closely. As it happens, the company was in the news on Wednesday when it made an announcement regarding an updated and substantially increased mineral resource estimate for the Anaconda area.
It goes without saying that it was a major new announcement form the company and it could lead to further interest in the stock from among investors. The company announced that in the updates estimate that there was going to be 32,400,000 tonnes of gold out of a total of 1130,000 ounces of gold.
At this point time, it may be a good idea from investors to consider adding the stock to their watch lists and watch out for further development along the way. It now remains to be seen if the B2Gold Corp stock can add to its gains this morning.
Technical Data
BTG stock is above the 20-Day and 50-Day Moving averages of $4.36 and $3.98 respectively. Moreover, the stock is trading above the 200-Day moving average of $3.912.
