EGA 0.00% 28.5¢ egan street resources limited

ASX's most undervalued Gold Stock, page-37

  1. 7,325 Posts.
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    Highest weekly volume for this year. CR seems to have injected a little liquidity. I'm hoping that some positive drilling news will break EGA into a new all-time high above 34c and attract some fresh investors.

    EGA now has 601 shareholders, up from 392 last year. Interestingly the number of listed option holders has dropped from 258 to 225.

    Now, this is what NST shareholder numbers looked like:

    2009 = 624
    2010 =1101 (purchased Paulsens mine)
    2011 =2674
    2012 =5533
    2013 = 8400
    2014 =8435
    2015 =9643
    2016 =12341
    2017 =13938

    There seems to be a strong correlation to price which makes sense of course, you need to attract new shareholders to push the price up.

    Screen Shot 2017-10-21 at 1.16.13 pm.png
    Last edited by Barolobill: 21/10/17
 
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