Could Regulus Resources Inc Change Direction After Today’s Huge Increase?

 Could Regulus Resources Inc Change Direction After Today's Huge Increase?

The stock of Regulus Resources Inc (CVE:REG) is a huge mover today! About 48,133 shares traded hands or 43.75% up from the average. Regulus Resources Inc (CVE:REG) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 7 months positive chart setup for the $78.21M company. It was reported on Oct, 31 by Barchart.com. We have $2.18 PT which if reached, will make CVE:REG worth $49.27M more.

More notable recent Regulus Resources Inc (CVE:REG) news were published by: Reuters.com which released: “BRIEF-Regulus Resources says to increase amount of offering from 8.4 mln u…” on July 06, 2016, also Marketwired.com with their article: “Regulus Resources Announces Agreements for Collaborative Exploration at …” published on May 18, 2016, Marketwired.com published: “Regulus Announces Cdn$10 Million Private Placement” on July 05, 2016. More interesting news about Regulus Resources Inc (CVE:REG) were released by: Marketwired.com and their article: “Regulus and Southern Legacy Announce Closing of Arrangement” published on October 01, 2014 as well as Marketwired.com‘s news article titled: “Regulus Announces Closing of Financing” with publication date: July 27, 2016.

Regulus Resources Inc. is a mineral exploration company. The company has a market cap of $78.21 million. The Company’s projects include Golden Brew, Rio Grande, El Camino, La Frontera, Aguas Calientes, Catua and Fireweed. It currently has negative earnings. It has around 50% interest in the Rio Grande copper gold porphyry project , held through its wholly-owned subsidiary Mineras Antares Argentina S.A.

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