Could Maverix Metals Inc Gain Strenght? The Stock Reaches 52-Week Low


The stock of Maverix Metals Inc (CVE:MMX) is a huge mover today! The stock decreased 4.17% or $0.05 on September 13, hitting $1.15. About 22,677 shares traded hands. Maverix Metals Inc (CVE:MMX) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 7 months negative chart setup for the $41.50 million company. It was reported on Sep, 13 by We have $0.99 PT which if reached, will make CVE:MMX worth $5.81 million less.

Maverix Metals Inc, formerly MacMillan Minerals Inc, is a Canada company, which focuses on acquiring and holding metals streams and royalties. The company has a market cap of $41.50 million. The Firm focuses on various assets, including La Colorada Mine Gold Stream, San Jose Mine Net Smelter Return Royalty, Moose River Project NSR, Shalipayco Project NSR, La Bolsa Project Gold Stream, Calcatreu Project NSR, Tres Cruces Project NSR, Pico Machay Project NSR, Taviche Este Project NSR, Quiruvilca Mine NSR, Jojoba Project NSR, Queylus Project NSR and Maria Cecilia Project NSR. It currently has negative earnings. The Company’s exploration properties include Cerro de Oro Project, Las Cucharas Project, La Union Targets, Nuevo Cucharas Target and La Violetta Project.

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