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home / news releases / DRGDF - Activist Shareholders Propelling Detour Gold


DRGDF - Activist Shareholders Propelling Detour Gold

Detour Gold (DRGDF) stock price has gone nowhere fast under the previous Board and Management. The five-year span from November 2014 to November 2018, the stock price dropped from $8.86 to $7.53. Since activist shareholder John Paulson deployed 5 new board members on Nov. 28 2018, the stock has surged 68% to $12.66 (6/26/2019). A positive catalyst with the tailwind of a rising price of gold ($1,420 per ounce) is propelling this stock in convincing fashion.

Resource Skeptic provided terrific data illustrating the strong beta correlation of Detour stock price relative to a rising price

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Stock Information

Company Name: Detour Gold Corp
Stock Symbol: DRGDF
Market: OTC
Website: detourgold.com

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