A Reversal for Avocet Mining plc Is Not Near. The Stock Declines Again

 A Reversal for Avocet Mining plc Is Not Near. The Stock Declines Again

The stock of Avocet Mining plc (LON:AVM) is a huge mover today! The stock decreased 10.19% or GBX 6.19 on November 3, hitting GBX 54.56. About 358,724 shares traded hands or 185.81% up from the average. Avocet Mining plc (LON:AVM) has risen 31.52% since April 6, 2016 and is uptrending. It has outperformed by 30.30% the S&P500.
The move comes after 5 months negative chart setup for the GBX 11.24 million company. It was reported on Nov, 3 by Barchart.com. We have GBX 49.10 PT which if reached, will make LON:AVM worth GBX 1.12M less.

More recent Avocet Mining plc (LON:AVM) news were published by: Fool.Co.Uk which released: “Are Petropavlovsk plc, Schroders plc and Avocet Mining plc worth buying after …” on April 28, 2016. Also Reuters.com published the news titled: “Avocet Mining gets mining licence for Tri-K gold project in Guinea” on April 02, 2015. Bloomberg.com‘s news article titled: “Revolt Rocks Burkina Faso’s Mines After President Flees” with publication date: April 08, 2015 was also an interesting one.

Avocet Mining PLC is a West African gold mining and exploration company. The company has a market cap of 11.24 million GBP. The Firm operates the Inata gold mine in Burkina Faso and has exploration projects in Burkina Faso and Guinea. It currently has negative earnings. The Company’s divisions include the UK; Burkina Faso, which includes the Inata mine, as well as exploration activity within the Belahouro license area, and Guinea, which includes the Tri-K project.

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