For day traders the SGX chart doesn't look very good. RSI, MACD and Stochs are down. Plus the 200 day MA is at 7 cents now which would provide some major resistance so there's not much MOMO potential here for someone who only follows charts.

If I were strictly a day trader I would be running for the hills. However, once the SP closes above 7 cents on volume, we might see them back again.

Also there are many other companies already releasing results from winter/spring dril programs that have provided some momentum so the traders ( and those who have become bored with SGX trading in a channel since Jan 1) have probably moved on.

Now fundamentally SGX has a lot going for it. Surface drilling in multiple veins of high grade gold seems intriguing enough to be buying at this level ... time will tell.