The stock of Golden Hope Mines Limited (CVE:GNH) gapped up by $0.005 today and has $0.83 target or 153.00% above today’s $0.33 share price. The 5 months technical chart setup indicates low risk for the $4.50 million company. The gap was reported on Oct, 28 by Barchart.com. If the $0.83 price target is reached, the company will be worth $6.89M 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 112,602 shares traded hands or 1236.36% up from the average. Golden Hope Mines Limited (CVE:GNH) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
More notable recent Golden Hope Mines Limited (CVE:GNH) news were published by: Juniorminingnetwork.com which released: “Golden Hope Mines Appoints Brayden Sutton to Board of Directors” on October 26, 2016, also Juniorminingnetwork.com with their article: “Golden Hope Mines Announces Results of the Annual General Meeting and the …” published on July 22, 2016, Marketwatch.com published: “Golden Hope Announces Private Placement and Closes First Tranche” on July 28, 2016. More interesting news about Golden Hope Mines Limited (CVE:GNH) were released by: Stockhouse.com and their article: “Golden Hope Mines Provides Update on Their Bellechasse-Timmins Project and …” published on September 09, 2016 as well as Economictimes.Indiatimes.com‘s news article titled: “Trapped in a gold dustbowl: Residents of Kolar Gold Fields hope revival of …” with publication date: December 25, 2015.
Golden Hope Mines Limited is an exploration-stage company. The company has a market cap of $4.50 million. The Firm is engaged in the acquisition, exploration and development of potential gold and base metal projects with both underground and open-pit mining potential. It currently has negative earnings. The Firm operates through the acquisition, exploration and development of exploration properties segment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.