Troy Resources Limited (ASX: TRY) is a small to midsize gold producer with a history of developing and operating mines in Australia and South America.
Troy has been operating in South America since 2002. In July 2013 the Company acquired Azimuth Resources Limited which had discovered and delineated the Karouni Project in Guyana. The Company fast tracked development of Karouni with first gold production occurring in November 2015 with FY 2017 being the first full year of production.
The weekly chart suggests the sell off (commencing 2012) is done & price action seems to be completing stage 1 (at All Time Low having just made a higher low) & looks to have retraced to fair value @ support. Remembering it is the toy end of the market IMO with good fundamental news it could retest last years high & thence somewhat higher (given that gold may well out perform soonish).