Every now and then, the market surprises us with how it responds to earnings results.
Case in point, New Gold (TSX: NGD). Despite high costs and the failure to post positive net income, the company has seemingly won over investors. Who have responded to the results by sending the equity up by nearly 17%.
So what’s the big deal here?
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
