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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Oct 4, 2011 12:01 PM Flag

    20% down on no news?

    Does anyone here ever watch other gold stocks or consider that nearly the entire gold sector is getting hit hard ? There's nothing wrong with RIC and the move probably has nothing to do with impending news..Most likely just a technical correction..RIC has held up better than most gold companies and is playing catch up today...RGLD is trading at $59 after reaching a high of $83...GG has gone from $56 to $43..AUY has gone from over 17 to 12.50..MFN has gone from 18.95 to 12.58...Now consider RIC has very few outstanding shares..

 
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