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Continental Gold Inc. (OTCMKT:CGOOF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Continental Gold Inc. (OTCMKT:CGOOF) seasonal charts above shows that a Buy Date of May 28 and a Sell Date of September 3 has resulted in a geometric average return of 18.86% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 38.42% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 8 years of data is available for shares of CGOOF, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Continental Gold Inc is a gold mining company. It acquires, explores and develops mineral properties in Colombia. Its Buritica project is a high-grade gold deposit located northwest from Medellin, Colombia. located in the Antioquia Department, north of Medellin. The principal activity from which the company generates revenue is from gold bullion sales, including pre-production revenues, to third parties.

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