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Nighthawk Gold Corp. (OTCMKT:MIMZF) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Nighthawk Gold Corp. (OTCMKT:MIMZF) seasonal charts above shows that a Buy Date of March 27 and a Sell Date of August 22 has resulted in a geometric average return of 40.23% 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 57.69% 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 MIMZF, 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.

Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company’s existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has completed approximately 17,000 meters of drilling targeting new areas of mineralization. Separate gold deposits make up the Colomac Project which consists of Colomac main, Goldcrest north, Goldcrest south, Grizzly bear, and 24/27, but only Colomac and Goldcrest have been drilled by the company.

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