The stock of Oceanus Resources Corp (CVE:OCN) is a huge mover today! About 128,000 shares traded hands or 21.66% up from the average. Oceanus Resources Corp (CVE:OCN) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 8 months positive chart setup for the $30.93M company. It was reported on Sep, 13 by Barchart.com. We have $0.55 PT which if reached, will make CVE:OCN worth $29.07 million more.
Oceanus Resources Corporation is a mineral exploration firm engaged in locating and acquiring projects and exploring for gold and base metals. The company has a market cap of $30.93 million. The Company’s subsidiary, El Tigre Silver Corp. , holds approximately 10 Mexican Federal mining concessions, located in northeastern Sonora State and totaling over 210 square kilometers, which are collectively referred to as the El Tigre Gold and Silver Property (El Tigre Property). It currently has negative earnings. El Tigre holds the concessions through its subsidiary, Pacemaker Silver Mining SA de CV.
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