Understanding the Market | WanGuo Gold Group Rises Over 13%, Company Jinling Mine May Still Have Potential for Resource Increase, Future Growth Space is Vast
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The stock price of Universal Gold Group rose by over 13%, closing at HKD 24.6, with a trading volume of HKD 164 million. It is expected that revenue in 2024 will reach RMB 1.876 billion, a year-on-year increase of 42.6%. The resource volume of Jinling Mining has increased to 232 tons, with a potential annual output exceeding 10 tons in the future, indicating significant growth potential. In the short term, gold prices are influenced by macroeconomic data and geopolitical risks, with market expectations that the Federal Reserve may restart the interest rate cut cycle
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