Drilling Set To Test Copper Zones in Nevada as Prices Surge
According to a March 5 analysis by technical analyst Clive Maund, Giant Mining Corp. was positioned for a strong upward move as it completed a significant Cup & Handle base pattern. Maund described this formation as a bullish indicator, emphasizing that the high trading volume during the right side of the Cup suggested increasing investor confidence. He noted that this volume pattern typically reflects a “sudden realization amongst a body of investors that the company is ‘turning the corner’ and going to make it.”
Maund highlighted that Giant Mining’s stock movement aligned with broader market factors, particularly the growing awareness of tariff barriers that could benefit domestic copper producers. He stated that the company’s position within the U.S. copper sector placed it in a favorable light amid these developments. [OWNERSHIP_CHART-11069]
Examining the company’s longer-term chart, Maund pointed out that Giant Mining was trading at historically low levels following a prolonged downturn. He recalled that the stock had traded above CA$4.00 in early 2023 and had reached as high as CA$140 in early 2021, adjusted for rollbacks. Based on these technical and historical factors, he described the current price as an “excellent time to buy Giant Mining or add to positions in it.”
Ownership and Share Structure
According to Giant Mining Corp., approximately 14.8% of its shares are held by insiders. The remaining shares are held by retail investors.
Giant Mining Corp. has a market capitalization of approximately CA$21.78 million.
The company’s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017.
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Source: https://www.streetwisereports.com/article/2025/03/19/drilling-set-to-test-copper-zones-in-nevada-as-prices-surge.html
