Time to Buy Pershimco Resources Inc After Today’s Huge Decline?


The stock of Pershimco Resources Inc (CVE:PRO) is a huge mover today! The stock decreased 1.72% or $0.005 on September 13, hitting $0.285. About 409,174 shares traded hands or 29.20% up from the average. Pershimco Resources Inc (CVE:PRO) has risen 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 9 months negative chart setup for the $80.76 million company. It was reported on Sep, 14 by Barchart.com. We have $0.26 PT which if reached, will make CVE:PRO worth $8.08M less.

Pershimco Resources Inc. is a junior mineral exploration company. The company has a market cap of $80.76 million. The Company’s properties include Cerro Quema Project , Courville property, Cusi and Magistral property. It currently has negative earnings. The Company’s Cerro Quema Project is located on the Azuero Peninsula in the Los Santos Province of Southwestern Panama, approximately 45 kilometers (km) southwest of the city of Chitre and over 190 km southwest of Panama City by air.

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