John Newell of John Newell & Associates recently shared a chart with us here at Streetwise Reports.
The chart was originally created at the end of August this year, but he updated it on December 6, 2024. In this chart, Newell mapped out four price targets he sees for Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA).
As you can see on the above chart, the first target is CA$0.22. On Friday, December 6, 2024, Sanu gold closed for trading at CA$0.15, spurring Newell to update this chart, showcasing how close we are to his first target. On December 18, 2024, the company closed at CA$0.17.
To find out more about the fundamentals of the company, you can see our most recent article on Sanu Gold here. This article discusses the company's latest news of a strategic partnership with Montage Gold Corp. (MAU:TSX.V) and a significant investment by the Lundin family.
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Important Disclosures:
- Sanu Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sanu Gold Corp.
- John Newell: I determined which companies would be included in this article based on my research and understanding of the sector.
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John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
