Latest news for Dryden Gold (OTC:DRYGF) Stock

Dryden Gold Corp is a a junior exploration company focused on high-grade gold mineralization in Northwestern Ontario, Canada. The company has three projects which are Gold Rock Project, Lower Manitou Project and Tremblay Project.

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Source: Clive Maund 05/20/2024

Technical Analyst Clive Maund shares his thoughts on Dryden Gold Corp. to explain why he believes it is an Immediate Strong Buy.

Expert Says Now May Be the Last Chance To Buy This Gold Stock at an &#39;Excellent Price&#39;

Dryden Gold Corp

Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) reported its third-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.
The Details:&nbsp;Gap reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 57 cents. Quarterly revenue came in at $3.82 billion, which beat the consensus estimate of $3.81 billion and is an increase over sales of $3.76 billion from the same period last year.
<ul>
<li>Net sales increased 2% versus last year with comparable sales up 1%.</li>
<li>Operating margin of 9.3% improved 270 basis points versus last year.</li>
<li>Market share gains across all brands in the quarter.</li>
<li>Gross margin of 42.7% increased 140 basis points versus last year&#8217;s gross margin.</li>
<li>Merchandise margin increased 90 basis points versus last year primarily driven by improved inventory management.</li>
<li>Ending inventory of $2.33 billion was down 2% compared to last year.</li>
<li>Athleta net sales of $290 million were up 4% compared to last year.</li>
<li>Old Navy net sales of $2.2 billion were up 1% compared to last year.</li>
<li>Gap net sales of $899 million were up 1% compared to last year.</li>
<li>Banana Republic net sales of $469 million were up 2% compared to last year.</li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
&#8220;I&#8217;m proud that Gap Inc. delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin,&#8221; said Gap CEO Richard Dickson.
&#8220;Consistent execution of our strategic priorities, including the rigor and repetition we&#8217;re applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.&#8217;s full potential,&#8221; Dickson added. 
Outlook:&nbsp;Gap raised its full-year outlook for net sales, gross margin and operating income growth compared to prior expectations. The company now sees net sales up 1.5% to 2%, gross margin growth of 220 basis points and operating income margin of mid-to-high 60%.
GAP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Gap shares are up 12.98% after-hours at $24.90 after gaining 6.89% during Thursday&#8217;s regular trading session.
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image: Courtesy of Gap, Inc.&nbsp;

Earnings

After-Hours Center

Movers

Gap Stock Soars On Better-Than-Expected Q3 Results, Raised FY Guidance: Details

American States Water Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWR#NYSE">AWR</a>) announced that on November 15, 2024, its regulated water utility subsidiary, Golden State Water Company ("GSWC"), received a proposed decision from the assigned administrative law judge at the California Public Utilities Commission ("CPUC") in connection with the pending general rate case proceeding that will determine new water rates for the years 2025 – 2027. A final decision by the CPUC is expected as soon as the end of the fourth quarter of 2024. When a final decision is issued by the CPUC, the new rates for 2025 will be effective January 1, 2025.
On July 12, 2024, GSWC and the Public Advocates Office ("Cal Advocates") at the CPUC filed a joint motion to adopt a settlement agreement between GSWC and Cal Advocates in the general rate case proceeding. The proposed decision approves and adopts the settlement agreement in its entirety. Among other things, the settlement agreement authorizes GSWC to invest approximately $573.1 million in capital infrastructure over the three-year cycle in order to continue to provide safe and reliable water utility service to its customers, which includes $17.7 million of advice letter capital investments to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. In addition, the settlement agreement approves $58.2 million of advice letter capital investments already under construction beginning in 2023 also to be filed for revenue recovery during the second and third year attrition increases when those projects are completed. The settlement agreement also allows for additional increases in adopted revenues for 2026 and 2027 subject to an earnings test and changes to the forecasted inflationary index values. Actual increases for 2026 and 2027 will be determined at the time the filings to implement the new rate increases are approved by the CPUC, and will be calculated using inflationary index values at that time.
Furthermore, the proposed decision addressed the two remaining unresolved 2025 revenue requirement issues related to GSWC's sales forecast and supply mix. The proposed decision adopts GSWC's recommended sales forecast and adopts a supply mix that splits the difference between GSWC's and Cal Advocates' forecasts. The proposed decision also addressed the unresolved issues related to GSWC's requests for certain regulatory mechanisms. With regards to these requests, the proposed decision (i) rejects GSWC's request for continuation of a full sales and revenue decoupling mechanism and a full cost balancing account for water supply, and instead orders GSWC to transition to a modified rate adjustment mechanism (a Monterey-style WRAM or "M-WRAM") and an incremental cost balancing account for supply costs, (ii) rejects GSWC's sales reconciliation and supply mix adjustment mechanisms, and (iii) rejects GSWC's request to modify the existing per- and polyfluoroalkyl substances ("PFAS") memorandum account to track carrying costs on capital investments needed to comply with the new PFAS maximum contaminant levels established by the Environmental Protection Agency, and instead orders GSWC to file for recovery of PFAS-related capital projects through a separate application or future general rate case. The proposed decision adopts GSWC's M-WRAM rate design proposal, authorizing GSWC to increase the revenue requirement in its service charges to between 45-48% depending on the ratemaking area representing approximately 65% of GSWC's fixed costs in aggregate. GSWC will file comments on the proposed decision by December 5, 2024. The proposed decision is scheduled to be voted on by the CPUC on December 19, 2024.

Contracts

Legal

American States Water Company Announces Proposed Decision Adopting Settlement Agreement In Its Water Utility General Rate Case; Settlement Agreement Authorizes GSWC To Invest ~$573.1M In Capital Infrastructure Over The 3-Year Cycle In Order To Continue To Provide Safe And Reliable Water Utility Service To Its Customers

Cheche Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it received a notification letter dated November 15, 2024 (the "Notification Letter "), from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq"), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per Class A ordinary share, par value US$0.00001 per share, has been below US$1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company's securities.
The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company's securities on Nasdaq. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until May 14, 2025&nbsp;(the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Class A ordinary share&nbsp;is at least US$1.00 for&nbsp;a minimum&nbsp;of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

Cheche Group Announces Receipt Of Notification Letter From Nasdaq Regarding Minimum Price Deficiency

5E Advanced Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEAM#NASDAQ">FEAM</a>) reported quarterly losses of $(0.20) per share. This is a 4.76 percent increase over losses of $(0.21) per share from the same period last year.

FEAM

5E Advanced Materials Q1 EPS $(0.20) Up From $(0.21) YoY

Each of these projects is expected to start in 2025 and will be completed within 20 months.
Orion Marine was awarded a significant $88 million contract by South Carolina State Ports Authority in a competitive bid process.&nbsp;
In addition, Orion Marine was awarded a $12.9 million subcontract to Haskell.
&nbsp;
&nbsp;

Orion Group Secures Three Contract Awards, Two In Its Marine Segment And One In Its Concrete Segment Valued At Approximately $111M

WIIM

FLUX

Flux Power shares are trading lower. The company announced the retirement of its CEO who also serves as chairman.

Management

Oceaneering Announces Promotion Of Benjamin M. Laura To Senior Vice President And Chief Operating Officer

MDU Resources plans to increase investments in its electric and natural gas distribution segments by 47% over the next five years compared to 2020-2024.&nbsp;
&nbsp;

Guidance

MDU Resources Plans To Make Capital Investments Totaling $3.1B From 2025 Through 2029, Up 15% From 2024-2028; Remains Committed To Long-Term EPS Growth Target Of 6%-8% With Enhanced Capital Investment Plan

THRM

Gentherm Appoints Jonathan Douyard As Executive Vice President, CFO And Treasurer

MDU Resources Sees 2025 Capital Investments Of $3.1B From 2025-2029, Up 15% From 2024-2028

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4309831-1&amp;h=1137391191&amp;u=https%3A%2F%2Fwww.nmrk.com%2F&amp;a=Newmark+Group%2C+Inc.+">Newmark Group, Inc. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) ("Newmark") Executive Chairman Howard W. Lutnick provided the following statement:
"I am deeply honored to have been nominated by President Donald J. Trump to serve as the 41st U.S. Secretary of Commerce. I look forward to this new chapter in my life, working for President Trump to promote economic growth, drive innovation, and strengthen our nation's financial security.&nbsp;
Upon U.S. Senate confirmation, I will step down from my positions at Cantor, BGC, and Newmark. I intend to divest my interests in these companies to comply with U.S. government ethics rules and do not expect any arrangement which involves selling shares on the open market.
I have full confidence in the leadership of Barry Gosin, Newmark's Chief Executive Officer, and our exceptional management team to continue to drive the success of the company, upholding the best interests of Newmark's clients, investors, and employees."
Newmark expects no changes to its existing corporate structure and expects to disclose further details at a later date.

Politics

General

NMRK

Newmark's Executive Chairman Howard W. Lutnick Nominated For U.S. Secretary Of Commerce

UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) reported its Q4 earnings results on Thursday, November 21, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
UGI beat estimated earnings by 45.0%, reporting an EPS of $-0.16 versus an estimate of $-0.29.
Revenue was down $162.00 million from the same period last year.
<h3>Overview of Past Earnings</h3>
The company beat on EPS by $0.12 in the previous quarter, leading to a 4.0% drop share price change the next day.
Here's a look at UGI's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.06</td>
<td>1.64</td>
<td>1.05</td>
<td>-0.06</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.06</td>
<td>1.97</td>
<td>1.20</td>
<td>0.03</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.73B</td>
<td>3.07B</td>
<td>2.67B</td>
<td>1.92B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.38B</td>
<td>2.47B</td>
<td>2.12B</td>
<td>1.40B</td>
</tr>
</tbody>
</table>

To track all earnings releases for UGI <a href="https://www.benzinga.com/quote/UGI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Breakdown: UGI Q4

&nbsp;
Fiscal 2025 Outlook
The Company is introducing its fiscal 2025 outlook. The Company expects:
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Fiscal
2025 Outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Number of new stores</td>
<td colspan="1" rowspan="1">4 to 6</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Number of relocations/remodels</td>
<td colspan="1" rowspan="1">2 to 4</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Daily average comparable store sales growth</td>
<td colspan="1" rowspan="1">4.0% to 6.0%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted earnings per share</td>
<td colspan="1" rowspan="1">$1.52 to $1.60</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital expenditures (in millions)</td>
<td colspan="1" rowspan="1">$36 to $44</td>
</tr>
</tbody>
</table>

NGVC

Natural Grocers by Vitamin Cottage Sees FY25 EPS $1.52-$1.60; 4-6 New Stores; 2-4 Remodels; Daily Average Comparable Store Sales Growth 4%-6%

UGI Corp Sees FY25 Adj. EPS $2.75-$3.05

ESTC

Elastic shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY25 guidance above estimates.

U.S. small-cap stocks are delivering a standout performance in November, aligning with a well-established seasonal trend that often paves the way <a href="https://www.benzinga.com/news/small-cap">for a strong December.</a>
Historically, small caps tend to excel in the final two months of the year, with November&#8217;s impressive gains often rolling into December as part of the so-called &#8220;Santa Rally.&#8221;
The Russell 2000 index, the leading benchmark for small-cap equities, has climbed an impressive 8% this November, on track for the second-best monthly performance of the year.
See Also: <a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">Google, Anthropic Deal In Jeopardy As Regulators Look To Break Up Search Monopoly</a>
Data spanning more than two decades shows that November delivered the highest average returns for small-cap stocks.
From the year 2000 onward, the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), has averaged a 2.6% gain in November, marking it as the strongest month of the year. 
What's even more striking is the reliability of this trend—79% of the time, the month ends with small-cap stocks in the green. 
The Russell 2000 has ended November in negative territory only four times:
<ul>
<li>A decline of 9.97% in 2000, </li>
<li>6.97% in 2007, </li>
<li>11.93% in 2008, and </li>
<li>4.33% in 2021.</li>
</ul>
In all other years, small-cap stocks have delivered gains during the month. The strongest rally occurred in November 2020, when the Russell soared 18.24% buoyed by the discovery of the Covid-19 vaccine.
Yet, history suggests this isn't the time to cash out just yet. Investors tempted to take profits after November's gains might reconsider, as December historically ranks as the second-best month for small caps. 
On average, the Russell 2000 rose 1.46% in December, with 67% of years showing positive performance. The combination of these two months often gives small-cap investors a powerful year-end boost.
<h3 class="wp-block-heading">Russell 2000 Monthly Seasonality: November And December Show The Highest Average Gains</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="449" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1024x449.png" alt="" class="wp-image-659736" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1024x449.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-768x336.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233-1536x673.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21151452/image-233.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Why Are Small Caps Outperforming in November 2024?</h2>
As of late November, the Russell 2000's 8% rally far surpasses the 4% rise of the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>). This outperformance is being driven by three major catalysts:
<h3 class="wp-block-heading">1. Federal Reserve Rate Cuts</h3>
The Federal Reserve has shifted into rate-cut mode, lowering rates by 25 basis points in November following a 50-basis-point reduction in September. Policymakers have signaled that further cuts are likely, albeit at a slower pace, as long as inflation continues to decelerate.
Lower interest rates disproportionately benefit small-cap companies, which rely more heavily on bank financing than their larger-cap counterparts. With borrowing costs falling, small businesses are better positioned to invest, grow, and improve profitability, giving them a significant tailwind compared to multinational firms.
<h3 class="wp-block-heading">2. Political Tailwinds From 2024 Elections</h3>
The outcome of the 2024 U.S. elections — a Republican trifecta (presidency, Senate and House of Representatives) — has fueled optimism among small-cap investors expecting the Trump administration to roll back regulations. 
Additionally, the potential reintroduction of trade tariffs could act as a buffer for small-cap businesses by reducing competition from international firms facing higher regulatory or import costs. Financial services and industrial stocks, heavily represented in small-cap indices, have been among the top beneficiaries of this shift.
<h3 class="wp-block-heading">3. Economic Resilience</h3>
The U.S. economy is showing remarkable resilience by delivering strong GDP growth rates. The Atlanta Fed's GDPNow estimate pegs fourth-quarter real GDP growth at 2.6%, following robust gains of 3.0% and 2.8% in the second and third quarters, respectively.
The labor market, a key indicator of economic health, also remains resilient. Despite disruptions from strikes and hurricanes affecting October payrolls data, jobless claims have fallen to their lowest levels in seven months in mid-November, indicating a tight labor market and sustained consumer confidence. These factors collectively underpin the performance of small-cap stocks, which are often more sensitive to domestic economic trends.
<h3 class="wp-block-heading">What's Next For Small Caps?</h3>
With November's gains already in the books, historical patterns suggest that small caps could keep their momentum into December. Whether fueled by seasonal trends, macroeconomic tailwinds, or political optimism, small-cap stocks are positioning themselves as a standout opportunity for year-end trading.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">7 US Natural Gas Stocks To Watch As Henry Hub Prices Surge 50% In November</a></li>
</ul>
Image: Shutterstock

Macro Economic Events

Broad U.S. Equity ETFs

Small Cap

Econ #s

Economics

ETFs

November Small-Cap Surge Could Carry Into December's Santa Rally, Historical Trends Suggest

Grabowski continues to beneficially own 24% of the Company's Common Stock.

XPOF

Xponential Fitness Says On November 21, Entities Affiliated With Chairman Mark Grabowski Filed Form 144 Disclosing Sale Of 2.59M Shares Of Company's Class A Common Stock - Filing

BTDR

Bitdeer Technologies shares are trading lower after the company announced a proposed $360 million private placement of convertible senior notes due 2029.

UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) reported quarterly earnings of $3.06 per share which beat the analyst consensus estimate of $2.94 by 4.08 percent. The company reported quarterly sales of $7.21 billion which missed the analyst consensus estimate of $8.45 billion by 14.64 percent.

Earnings Beats

Earnings Misses

UGI FY 2024 Adj EPS $3.06 Beats $2.94 Estimate, Sales $7.21B Miss $8.45B Estimate

Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) reported quarterly earnings of $0.39 per share. This is a 50 percent increase over earnings of $0.26 per share from the same period last year. The company reported $322.66 million in sales this quarter. This is a 9.35 percent increase over sales of $295.07 million the same period last year.

Natural Grocers Q4 EPS $0.39 Up From $0.26 YoY, Sales $322.66M Up From $295.07M YoY

Dryden Gold announces upsizing of equity financing

Dryden Gold increased maximum number of shares under its equity financing

Press Releases

Dryden Gold Corp. Commences Trading on the OTCQB Marketplace in the United States

CEO.CA Presents: Exclusive Interviews From Beaver Creek Mining Leaders

Dryden Gold Presents at the Battery and Precious Metals Virtual Investor Conference

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TRRFF

TSX:COPR

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TSXV:AMX

TSXV:AU

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Dryden Gold

Source: <a href="https://www.streetwisereports.com/article/2024/05/20/expert-says-now-may-be-the-last-chance-to-buy-this-gold-stock-at-an-excellent-price.html?utm_medium=feed">Clive Maund 05/20/2024</a>

Technical Analyst Clive Maund shares his thoughts on Dryden Gold Corp. to explain why he believes it is an Immediate Strong Buy.

Dryden Gold Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DRYGF#OTC">DRYGF</a>) is a most interesting advanced stage gold exploration company with an extensive land package in mining friendly Ontario where infrastructure is excellent and the fact that industry legends Eric Sprott and Rob McEwen have significant shareholdings in the company speaks for itself.

Before examining the company&#39;s stock chart to see why its shares are so attractive at this time when the gold price is powering up for a massive advance, we will start by gaining a fundamental overview of the company by means of a selection of slides lifted from the latest investor deck.

Dryden&#39;s land package comprises numerous distinct targets, from conceptual to brownfields.

The following slide includes a map showing the extent of Dryden&#39;s land package shown in an appropriate gold color and we can also see that there are a number of other important names in the industry operating nearby, such as Kenorland Minerals Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KLDCF#OTC">KLDCF</a>), Kinross Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>), and Treasury Metals Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TSRMF#OTC">TSRMF</a>) and clearly they would not be there without good reason.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452050847_1.jpg" style="height:563px; width:1000px" />

Dryden&#39;s gold properties are located in a prolific gold region as this slide makes clear, with big discoveries having been made in the past.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452050911_2.jpg" style="height:564px; width:1000px" />

And it is most encouraging to consider that Dryden&#39;s properties have many similarities with the bounteous Red Lake and Timmins camp.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452050936_3.jpg" style="height:562px; width:1000px" />

Within Dryden&#39;s properties, there are three principal projects with potential for high-grade gold discovery.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452050958_4.jpg" style="height:557px; width:1000px" />

The following interesting chart shows that Dryden is moving its various projects within the district along nicely.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452051026_5.jpg" style="height:556px; width:1000px" />

The next slide shows milestones already accomplished and near-term catalysts.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452051054_6.jpg" style="height:562px; width:1000px" />

Lastly, we look at a page showing the share structure.

The pie chart illustrates that there is a lot of confidence in the company, since Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has an almost 15.4% stake in it, with Eric Sprott owning 4.26%, Rob McEwen 3.55% and other important stakeholders too including management and insiders with 11.87%, leaving less than half the 93.8 million shares available to retail investors.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452051118_7.jpg" style="height:553px; width:1000px" />

Turning now to an examination of the company&#39;s stock chart, a 5-month chart shows us all we need to see since the stock only started to trade on this market in January. The day it started trading, it closed with a large bearish &quot;gravestone doji&quot; candle on the chart, which is where there is a wide daily range, but the price opens and closes at the low of the day.

This is bearish, especially when it occurs on high volume, as was the case here. Sure enough, it went into an intermediate bear market, as very often happens with new issues because of excessive optimism at the outset, and this bear market is believed to have ended when it hit bottom in March.

After this low, it had a significant rally in April before dropping back again to the support at the March low, with which it looks like it is making a Double Bottom. The strong volume on the rally out of the March low means that the pattern that formed during late February and March can also be classified as a Cup, which is bullish and the volume dieback as the price reacted back from mid-April is also bullish and the positive volume pattern throughout explains the quite strong positive divergence of the Accumulation line.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202452051152_8.jpg" style="height:857px; width:680px" />

There are two important technical factors in play here that strongly suggest that Dryden Gold is about to rally out of the second low of the Double Bottom into a major bull market and those are the strongly bullish volume pattern with related positive divergence of the Accumulation line mentioned above and the increasing strength of gold itself which is believed to be on the verge of entering a period of parabolic acceleration to the upside, which will clearly be hugely beneficial to companies like Dryden.

All this being so, the interpretation is that investors are being presented here with a &quot;last chance&quot; to buy Dryden Gold at an excellent price before it starts higher into a major bull market and it is accordingly rated an Immediate Strong Buy.

Dryden Gold Corp.&nbsp;closed at CA$0.105, US$0.075 on May 17, 2024.

Important Disclosures:

<ol>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dryden Gold Corp. and Treasury Metals Inc.</li>
	<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

Expert Says Now May Be the Last Chance To Buy This Gold Stock at an 'Excellent Price'

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