North Peak Resources Ltd. engages in the exploration and development of gold properties in Canada and the United States. It has an option to acquire 100% interest in the Kenogami Lake project that consists of twenty-seven mineral claims covering approximately 500.3 hectares located to the southwest of Kirkland Lake, Ontario; and the Black Horse property consisting...
250 day moving average starting to turn along with bullish gap on parabolic SAR shows that NPR is a good long to take right now. Should be more momentum towards longs in the coming weeks.
Little Ol'd lady style setup on TSXV:NPR
Entry off the double bottom:
Entry: 0.59
Stop Loss: .49 (Total risk to .48 = (.59-.48) = 0.11/share )
Target: 1.05
Risk:Reward Ratio = 1:4.7
How to calculate your position size:
Divide your max Loss (1-5% of total portfolio equity dependent on your own risk parameters) by .11 to get the number of shares to buy.
Ie:...
Yesterday, North Peak Ressources went UP by 41.82%.
The company changed business on June 30, 2020 and it is now in the GOLD sector.
Morningstar's quantitative fair value for this stock as of July 2, 2020 is $1.11. That is more than 26% higher than the current price of $0.88.
Today it is UP more than 12%.
GLTA!
