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Galane Gold Ltd. (OTCMKT:GGGOF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Galane Gold Ltd. (OTCMKT:GGGOF) seasonal charts above shows that a Buy Date of March 23 and a Sell Date of July 5 has resulted in a geometric average return of 57.74% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 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 7 years by an average of 76.81% 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 7 years of data is available for shares of GGGOF, 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.

Galane Gold Ltd is a Canada-based gold producer and explorer. Principally, it is engaged in the acquisition for, development of, and operation of gold mining properties in the Republic of Botswana and the Republic of South Africa. The company holds the interest in the Mupane property which is located in the Northeast district of Botswana approximately 30 kilometres south-east of Francistown in Southern Africa. Its Galaxy gold mine is situated approximately 6 kilometres west of the town of Barberton in the Mpumalanga province of South Africa. The company operates in one reportable segment, being the Exploration, Development and Operation of Gold Mining Properties.

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