04:23:11 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Xtra-Gold Resources Corp
Symbol XTG
Shares Issued 45,811,417
Close 2014-11-28 C$ 0.14
Market Cap C$ 6,413,598
Recent Sedar Documents

Int'l Speculator downgrades Xtra-Gold to sell

2014-11-28 21:17 ET - In the News

The Int'l Speculator in its Nov. 7, 2014, issue, downgrades Xtra-Gold Resources Corp. (recently 22 cents) to a sell from a hold. The newsletter said buy four times between April 6, 2011, and Oct. 5, 2012, at prices ranging from 86 cents to $1.90. Assuming an investment of $1,000 for each buy, selling the $4,000 investment at 22 cents yields a loss of $3,344. The writer says the tiny amount of revenue Xtra-Gold generates will not be enough to save it in the event of a market crash. This month the Speculator's usual emphasis on buy advice has been replaced with holds and sells. It says buy nothing, hold great companies, sell weaklings ... wait "to buy near a new, much lower bottom -- or in a month or two, when the present danger has passed."

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