Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dakota Gold Corp shares valued at $44,225 were purchased by QUARTERMAIN ROBERT on Nov 20 ’24. At $2.21 per share, QUARTERMAIN ROBERT acquired 20,000 shares. The insider’s holdings grew to 7,597,877 shares worth approximately $16.72 million following the completion of this transaction.
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Also, QUARTERMAIN ROBERT purchased 20,000 shares, netting a total of over 44,155 in proceeds. Following the buying of shares at $2.21 each, the insider now holds 7,617,877 shares.
Before that, ABERLE GERALD MICHAEL had added 4,490 shares to its account. In a trade valued at $9,734, the Chief Operating Officer bought Dakota Gold Corp shares for $2.17 each. Upon closing the transaction, the insider’s holdings increased to 4,490 shares, worth approximately $9.59 million.
As published in their initiating research note from BMO Capital Markets on September 06, 2024, Dakota Gold Corp [DC] has been an Outperform and the price target has been revised to $6. Analysts at Canaccord Genuity started covering the stock with ‘”a Speculative buy”‘ outlook in a report released in mid September.
Analyzing DC Stock Performance
Over the course of the year, Dakota Gold Corp shares have dropped approximately -16.03%. Shares of the company reached a 52-week high of $3.25 on 05/28/24 and a 52-week low of $1.84 on 08/06/24. A 50-day SMA is recorded $2.30, while a 200-day SMA reached $2.38. Nevertheless, trading volume fell to 0.11 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Dakota Gold Corp (DC)
According to the 24-hour chart, there is a support level at 2.18, which, if violated, would cause prices to drop to 2.16. In the upper region, resistance lies at 2.24. The next price resistance is at 2.28. RSI (Relative Strength Index) is 44.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 78.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
