A Reversal for PMI Resources Ltd Is Not Near. The Stock Declines Again

 A Reversal for PMI Resources Ltd Is Not Near. The Stock Declines Again

The stock of PMI Resources Ltd (CVE:PMI) is a huge mover today! About 22,271 shares traded hands or 72.50% up from the average. PMI Resources Ltd (CVE:PMI) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 6 months negative chart setup for the $4.96M company. It was reported on Nov, 3 by Barchart.com. We have $0.44 PT which if reached, will make CVE:PMI worth $595,200 less.

More important recent PMI Resources Ltd (CVE:PMI) news were published by: Fool.ca which released: “Don’t Buy Teck Resources Ltd. Unless These 2 Things Happen” on November 26, 2015, also Businesswire.com published article titled: “CORRECTING and REPLACING GRAPHIC PMI Stakes Position Advocating Restoration of …”, Bloomberg.com published: “U.S. Jobs, Abe Abroad, Fed Presidents, Tesla: Week Ahead May 2-7” on May 01, 2016. More interesting news about PMI Resources Ltd (CVE:PMI) was released by: Bloomberg.com and their article: “China Stocks Post Biggest Weekly Gain in a Month After PMI Data” with publication date: July 01, 2016.

PMI Resources Ltd, formerly Petromanas Energy Inc, is an exploration-stage company. The company has a market cap of $4.96 million. The Firm is engaged in the acquisition, exploration and evaluation of gas and oil properties in France, including two exploration licenses totaling approximately 169,790 net acres located in the gas producing Acquitaine Basin. It currently has negative earnings. The Firm operates through the exploration, development and production of hydrocarbons and the sale of hydrocarbons and related activities segment.

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