What’s in Sandspring Resources Ltd. After Today’s Huge Decline?


The stock of Sandspring Resources Ltd. (CVE:SSP) is a huge mover today! The stock decreased 7.25% or $0.05 on September 13, hitting $0.64. About 380,415 shares traded hands or 53.72% up from the average. Sandspring Resources Ltd. (CVE:SSP) 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 $72.85 million company. It was reported on Sep, 13 by Barchart.com. We have $0.57 PT which if reached, will make CVE:SSP worth $8.01 million less.

Sandspring Resources Ltd. is a Canada resource exploration company. The company has a market cap of $72.85 million. The Firm focuses on the exploration for, and resource expansion of, gold and related minerals in Guyana, South America. It currently has negative earnings. The Firm operates in the development of its Toroparu Project for the production of gold, copper and silver in Guyana segment.

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