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Wednesday, September 30, 2020

Gold Standard Ventures Corp (AMEX:GSV) on the Path to Profitability

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The Gold Standard Ventures Corp (GSV) shares are trading at higher $0.86 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $1.11 and the low is $0.27. Over the last 52 weeks, GSV is down -22.15% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GSV reported a profit of $10000.0. Gold Standard Ventures Corp also saw revenues increase to $1.49 million. In addition, GSV has free cash flow of -$2.33 million as of 03-2020. The company’s EBITDA came in at -$1.42 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GSV has a short ratio of 4.68 and outstanding shares of 284.38M.

Company Outlook

GSV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.1 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.03. Gold Standard Ventures Corp GSV also noted assets of $172.51 million at the end of the last quarter. Investors should also keep an eye on sector updates as GSV has historically followed its peers on positive news.

All told, Gold Standard Ventures Corp GSV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GSV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Gold Standard Ventures Corp GSV is now commanding a market cap of 245.73M and a float of 242.92M. GSV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GSV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GSV, either long or short, and we have not been compensated for this article.

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