Golden Hope Mines Limited on Focus After Gap Up In Today’s Session

 Golden Hope Mines Limited on Focus After Gap Up In Today's Session

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.

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