The stock of Dundee Precious Metals Inc (TSE:DPM) gapped up by $0.02 today and has $4.35 target or 47.00% above today’s $2.96 share price. The 5 months technical chart setup indicates low risk for the $494.03M company. The gap was reported on Oct, 19 by Barchart.com. If the $4.35 price target is reached, the company will be worth $232.19 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 136,375 shares traded hands. Dundee Precious Metals Inc (TSE:DPM) has risen 48.42% since March 14, 2016 and is uptrending. It has outperformed by 42.88% the S&P500.
More notable recent Dundee Precious Metals Inc (TSE:DPM) news were published by: Marketwired.com which released: “Dundee Precious Metals Announces Third Quarter Production Results and Timing …” on October 11, 2016, also Finance.Yahoo.com with their article: “Dundee Precious Metals Announces Receipt of Final Construction Permit for the …” published on August 09, 2016, Seekingalpha.com published: “Dundee Precious Metals’ (DPMLF) CEO Rick Howes on Q1 2016 Results – Earnings …” on May 08, 2016. More interesting news about Dundee Precious Metals Inc (TSE:DPM) were released by: Investorintel.com and their article: “Dundee Precious Metals sells Armenian Gold Asset” published on March 09, 2016 as well as Seekingalpha.com‘s news article titled: “Dundee Precious Metals: The Sale Of Kapan Was The Right Decision” with publication date: March 03, 2016.
Dundee Precious Metals Inc. is a Canada gold mining company. The company has a market cap of $494.03 million. The Firm is engaged in the acquisition, exploration, development, mining and processing of precious metals. It currently has negative earnings. The Company’s operates through its subsidiaries, such as Dundee Precious Metals Chelopech EAD (Chelopech), Dundee Precious Metals Kapan CJSC (Kapan) and Dundee Precious Metals Tsumeb (Proprietary) Limited (Tsumeb).
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