Will The Rally Continue For Sabina Gold & Silver Corp. (OTCMKTS:SGSVF)?

SGSVF (OTCMKTS:SGSVF) continues its move higher Monday, adding to Friday’s gains.

Market Action

As of 1:10, SGSVF is trading at 1.44 up .015 gaining 1% on the day. Volume is heavy already 1 million shares have changed hands. Trading opened at 1.37 and has ranged between 1.37 and 1.48. 

SGSVF Reports Results 

SGSVF reports interim financial results for the quarter ended March 31, 2021.

  • SGSVF reported a net loss of $1.4 million or $0.00 per share.
  • SGSVF prepared for 2021 site activities by opening its Goose camp in early March. There is a spring drill program planned for 4,000 meters over 8 to 10 holes, targeting an equal mix of early-stage exploration areas and the Hook zone. Sabina is developing a ramp for underground exploration of the Umwelt deposit.
  • Zhaojin International Mining Co maintains its 9.9% holdings in Sabina and purchased by private placement, 2,117,640 Common Shares $1.95 per Common Share for gross proceeds of approximately $4.1 million. The net proceeds of the financings were approximately $37.1 million.
  • Reported gross proceeds of $35.1 million from the sale of common stock of 18 million at $1.95 per share.

Trader Notes

Share Information

SHARES OUTSTANDING 347.86 M
SHARE FLOAT (%) 311.76 M (89.62%)
% HELD BY INSTITUTIONS 18.93

Recent Stock Performance

5-DAY PERF. -0.34%
1-MONTH PERF. -6.19%
3-MONTH PERF. -21.81%
6-MONTH PERF. -27.59%
YTD PERF. -43.02%
1-YEAR PERF. -8.13%

Moving Averages

+/- EMA(20) 1.45 (+1.38%)
+/- SMA(50) 1.49 (-1.34%)
+/- SMA(200) 1.91 (-23.04%)

Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1.2933 1.3267 1.3783 1.4117 1.4633 1.4967 1.5483
Fibonacci 1.3267 1.3591 1.3792 1.4117 1.4441 1.4642 1.4967

Technical Indicators

Symbol Value Result Symbol Value Result
ADX 15.0931 Neutral ATR14 0.0976
CCI20 -67.7669 Sell Chaikin Money Flow 0.0881 Buy
MACD -0.0695 Sell Money Flow Index 30.3720 Sell
ROC -2.5554 Sell RSI 43.8550 Buy
STOCH (14,3) 37.0370 Neutral STOCH RSI 0.6983 Neutral
UO 50.0555 Sell Williams %R -62.9630 Neutral

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