On May 26, Wanguo Gold Group rose 3.3% in regular trading, trading at 11.65 HKD/share, with trading volume of approximately 63.56 million HKD.
On the news front, the company has been conducting consecutive large-scale share buybacks, repurchasing 4.376 million shares on May 21 and spending HKD 25.28 million to buy back 2.277 million shares on May 22 at prices between HKD 11.05 and HKD 11.20 per share, signaling management confidence in the company's intrinsic value.
Meanwhile, spot gold staged a sharp V-shaped reversal, with COMEX gold futures rebounding from the USD 4,453 low. US-Iran negotiations entering their final stage have eased market inflation concerns, providing support for gold prices. On the institutional side, four investment banks have issued buy ratings in the past 90 days, with an average target price of HKD 18.9, suggesting significant upside from current levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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