Could TerraX Minerals Inc. Change Direction After Today’s Huge Decline?

 Could TerraX Minerals Inc. Change Direction After Today's Huge Decline?

The stock of TerraX Minerals Inc. (CVE:TXR) is a huge mover today! About 53,500 shares traded hands. TerraX Minerals Inc. (CVE:TXR) 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 $59.27M company. It was reported on Nov, 3 by Barchart.com. We have $0.61 PT which if reached, will make CVE:TXR worth $8.30M less.

More notable recent TerraX Minerals Inc. (CVE:TXR) news were published by: Juniorminingnetwork.com which released: “TerraX Minerals Completes Summer Drill Program, Expands Management Team” on October 19, 2016, also Investorintel.com with their article: “TerraX Minerals – Land of the Gold Giants” published on February 23, 2016, Juniorminingnetwork.com published: “TerraX Minerals Commences Drilling at Mispickel Target, Yellowknife City Gold …” on July 28, 2016. More interesting news about TerraX Minerals Inc. (CVE:TXR) were released by: Business.Financialpost.com and their article: “OceanaGold Corp buys Romarco Minerals Inc for $856 million, gains low-cost …” published on July 30, 2015 as well as Investorintel.com‘s news article titled: “TerraX hits more high-grade gold as world supply crunch nears” with publication date: June 06, 2016.

TerraX Minerals Inc. is a Canada-based company, which is engaged in the exploration and development of mineral properties. The company has a market cap of $59.27 million. The Firm focuses on the Yellowknife City Gold Project , which consists of the Northbelt, Walsh Lake and Southbelt properties in the Northwest Territories, as well as additional claims and property. It currently has negative earnings. The Yellowknife City Gold project lies within the Yellowknife greenstone belt and covers over 15 kilometers of strike length on the northern extension of the shear system that hosts the Con (6.1 million ounces (Moz)) and Giant (8.1 Moz) gold mines.

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