Could East Africa Metals Inc Crash Even More? The Stock Had Another Big Decline Today


The stock of East Africa Metals Inc (CVE:EAM) is a huge mover today! The stock decreased 10.45% or $0.035 on September 13, hitting $0.3. About 188,710 shares traded hands. East Africa Metals Inc (CVE:EAM) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months negative chart setup for the $38.30M company. It was reported on Sep, 13 by We have $0.26 PT which if reached, will make CVE:EAM worth $4.60M less.

East Africa Metals Inc. is a mineral exploration company. The company has a market cap of $38.30 million. The Firm is focused on the identification, acquisition, exploration, development and/or sale of base, and precious metal resource properties in Ethiopia and Tanzania. It currently has negative earnings. The Company’s mineral assets include the Harvest and the Adyabo Projects in Ethiopia, and the Handeni Properties in Tanzania.

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