Scottie Resources Corp's stock experienced a slight decline this week despite a significant increase in its year-to-date performance.
Scottie Resources Corp (SCOT.V) has seen varied price action recently, closing at C$3.00 on Friday, marking a 4.06% drop for the day but a 0.99% increase over the week. The stock has gained an impressive 32.90% over the past month and a notable 93.08% year-to-date. This movement comes amidst ongoing developments in the company's exploration efforts.
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Scottie Resources Corp
SCOT.V
SCOT.V
Scottie Resources Corp
WealthAwesomeMarket cap
$246.98M
52W high
$3.23
52W low
$1.45
1W change
+0.99%
Beta
1.81
Analyst Price Targets
Based on analyst covering SCOT
Wall Street analysts forecast SCOT stock price to fall 54.4% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$1.40
-54.4% Upside
Current Price
C$3.07
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SCOT's historical volatility
30-Day Vol
63.1%
Annualized
90-Day Vol
69.4%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$3.67
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$3.26 | C$2.62 โ C$4.05 |
| 60 trading days | C$3.46 | C$2.54 โ C$4.71 |
| 90 trading days | C$3.67 | C$2.52 โ C$5.35 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: While Scottie Resources has recently reported promising drilling results, the stock's volatility and bearish analyst outlook suggest cautious optimism for investors. The significant price increase year-to-date indicates strong market interest, but recent declines may warrant close monitoring of market sentiment and news.
C$3.00 closing price with a 93.08% YTD increase.
Scottie Resources has outperformed the market significantly this year, but recent price action shows volatility that may concern risk-averse investors.
Bull case
The company has reported high-grade gold intercepts, which suggest the potential for a substantial resource discovery. With a fully funded 50,000-meter drill campaign underway, Scottie Resources is positioning itself for future growth and exploration success.
Bear case
Despite the positive drilling results, the stock's beta of 1.81 indicates it is more volatile than the market. Additionally, the average analyst target of C$1.40 suggests a bearish outlook, indicating potential downside risk for investors.
Recent Price Action
Scottie Resources Corp (SCOT.V) closed at C$3.00 on Friday, reflecting a 4.06% decline for the day. However, the stock has seen a 0.99% increase over the week, a substantial 32.90% rise in the past month, and an impressive 93.08% gain year-to-date. This performance showcases the stock's volatility and the market's interest in the company's exploration activities.
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Catalysts and Company News
Despite no major news released this week, Scottie Resources has previously reported significant gold intercepts at the Blueberry Contact Zone, including 9.7 g/t gold over 18.00 meters. Additionally, the company has surpassed 25,000 meters of drilling at the Scottie Gold Mine Project, indicating robust exploration efforts. This ongoing work is likely to influence investor sentiment positively.
Technical Picture
From a technical standpoint, Scottie Resources is currently trading above its 50-day moving average (C$2.36) by approximately 27.3% and its 200-day moving average (C$2.19) by about 37.1%. The stock has a 52-week range of C$1.45 to C$3.23, indicating it is currently trading at 87% of its range. The stock's beta of 1.81 suggests it is more volatile than the overall market, which may appeal to risk-tolerant investors.
Insider Activity
No insider activity has been reported recently, which may indicate stability in the company's leadership and strategic direction.
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