SGSVF (OTCMKTS:SGSVF) continues its move higher Monday, adding to Friday’s gains.
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.
|SHARES OUTSTANDING||347.86 M|
|SHARE FLOAT (%)||311.76 M|
|% HELD BY INSTITUTIONS||18.93|
Recent Stock Performance
|+/- EMA(20)||1.45 (+1.38%)|
|+/- SMA(50)||1.49 (-1.34%)|
|+/- SMA(200)||1.91 (-23.04%)|
|CCI20||-67.7669||Sell||Chaikin Money Flow||0.0881||Buy|
|MACD||-0.0695||Sell||Money Flow Index||30.3720||Sell|
|STOCH (14,3)||37.0370||Neutral||STOCH RSI||0.6983||Neutral|