Experts often state that it might often be a good idea for investors to first look into sectors that are doing well before deciding on a stock. If a sector is doing well then it might be worthwhile to start hunting for stocks in that sector.
In recent times, the gold mining sector has been quite prosperous owing primarily to the rising price of precious metals, and hence, it is not a surprise that more and more investors are in the hunt for gold stocks. Rich Tv Live has now become one of the most popular YouTube channels for investors who are looking for reliable information about the stock markets. In its latest video, the analyst looked into Stevens Gold Nevada Inc. (CSE:SG) (OTCQB:STVGF) (FSE:311) and claimed that it could be the ‘next super hyper gold stock’.
Considering such claims from Rich Tv, it might be a good idea for investors to know what the analyst had to say regarding the Stevens Gold stock. The stock trades on the CSE in Canada and the OTCQB in the United States. For investors in Europe, the stock is available on the Frankfurt Stock Exchange. The stock is trading at below a dollar but it should be noted that it has been displaying considerable upward momentum over the course of the past three months.
The analyst pointed out that Stevens Gold has issued and outstanding shares to the tune of 39 million, while 7 million shares have been reserved for issuance. That makes it a pretty tight float and that may be a factor that might prove appealing to certain investors. Due to the considerable rally in gold prices for most of 2020, more and more investors are now looking to get into junior gold mining stocks.
That could well be a major factor behind the momentum in the stock in recent months. Even the Rich Tv analyst pointed out that the company is under the radar and it was the first time that he actually came across Stevens Gold. However, it is also true that investors often end up generating considerable returns if they get into a stock before it goes mainstream. Hence, it might be a good idea to keep an eye on Stevens Gold at this point.
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