Mint's 15min chart shows MACD and KDJ death crosses.

According to Mint's 15-minute chart, the MACD Death Cross and KDJ Death Cross indicators were triggered at 10/03/2025 16:00. This suggests that the stock price has the potential to continue declining, as the momentum of the stock price is shifting towards the downside and may further decrease.

Onyx Gold Corp (OTCQX: ONXGF), a Canadian mineral exploration company, has been active in the gold exploration sector, with several notable developments in recent months. The company has announced significant upsizing in its non-brokered financing and reported impressive drill results from its Munro-Croesus Project in Ontario.

On October 6, 2025, Onyx Gold announced an upsize to its non-brokered private placement to $6.4 million at $2.43 per flow-through share, selling 2,650,000 NB FT Shares. Combined with a bought-deal that closed on October 2, 2025, the company expects total gross proceeds of approximately $26.4 million. These funds are intended to support exploration activities in Ontario, with the NB FT proceeds to be spent on Qualifying Expenditures by December 31, 2026. The financing is expected to close around October 15, 2025, subject to TSX Venture Exchange conditional approval and customary closing conditions Onyx Gold Corp Stock Price, News & Analysis^[1].

In addition to its financial activities, Onyx Gold has been actively drilling at its Munro-Croesus Project. On August 12, 2025, the company launched its 2025 exploration program at the King Tut Property in Yukon's eastern Tombstone Gold Belt. The program focuses on the Ra target, which features a gold-bearing sheeted vein field within a 3 x 2 km granitic intrusion. The program has been approved for surface exploration and up to 5,000 metres of diamond drilling .

The Munro-Croesus Project has seen significant drilling success. On September 3, 2025, Onyx Gold reported drill results from its ongoing 25,000-metre program, with drill hole MC25-177 intersecting 194.4 meters of cumulative gold mineralization, featuring 91.0m at 1.1 g/t Au and a second intersection of 103.4m at 1.1 g/t Au. The Argus North Zone drilling has demonstrated wide intervals of gold mineralization over 100 meters of strike length and from surface to 350 meters vertically. The company has completed 48 drill holes (15,000m) representing 60% of the expanded program .

Onyx Gold has also expanded its exploration efforts at the Munro-Croesus Project by adding a second drill rig. On May 29, 2025, the company reported that it had completed approximately 3,500 metres across eleven holes, focusing on the Argus North zone, which previously yielded impressive results of 3.4 g/t gold over 69.6 metres. Additionally, Gold Fields, through its subsidiary Windfall Mining Group, has become a strategic investor with a 9.4% stake in Onyx Gold .

The company's recent financial and drilling activities suggest a strong focus on advancing its gold exploration projects. However, the stock market's technical indicators, such as the MACD Death Cross and KDJ Death Cross, triggered on October 3, 2025, indicate a potential shift in the stock's momentum towards the downside. This suggests that investors should remain cautious and closely monitor the company's progress and market conditions .