The stock of Rye Patch Gold Corp. (CVE:RPM) is a huge mover today! The stock decreased 4.41% or $0.015 on September 13, hitting $0.325. About 570,810 shares traded hands or 16.86% up from the average. Rye Patch Gold Corp. (CVE:RPM) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $125.87 million company. It was reported on Sep, 13 by Barchart.com. We have $0.28 PT which if reached, will make CVE:RPM worth $16.36 million less.
Rye Patch Gold Corp. is an exploration-stage firm engaged in the acquisition, exploration and development of mineral properties in Nevada, the United States through its subsidiary, Rye Patch Gold US Inc. The company has a market cap of $125.87 million. The Company’s activities are focused on over two geological trends in Nevada, including Oreana Trend and Cortez Trend. It has a 41.56 P/E ratio. The Oreana Trend includes Lincoln Hill Resource project and Wilco Resource project.
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