Why Goldgroup Mining Stock Popped, Then Dropped
Tiny Goldgroup is more vulnerable to weak gold prices than other gold mining stocks.
Overview
Goldgroup Mining (NYSEMKT: GORO) stock jumped more than 6% in early trading Thursday before retreating to just a 0.6% gain as of 11:11 a.m. ET. The stock bounced back from a sell-off yesterday, after the U.S. Federal Reserve raised interest rates yesterday for the first time in three years.
But already, investors seem to be rethinking that move.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.