Time to Buy Pershimco Resources Inc After Today’s Huge Decline?

 Time to Buy Pershimco Resources Inc After Today's Huge Decline?

The stock of Pershimco Resources Inc (CVE:PRO) is a huge mover today! About 346,730 shares traded hands. Pershimco Resources Inc (CVE:PRO) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 9 months negative chart setup for the $81.24M company. It was reported on Nov, 3 by Barchart.com. We have $0.24 PT which if reached, will make CVE:PRO worth $8.94 million less.

More notable recent Pershimco Resources Inc (CVE:PRO) news were published by: Reuters.com which released: “BRIEF-Pershimco Resources announces completion of private placement” on September 26, 2016, also Marketwired.com with their article: “Orla Mining and Pershimco Resources Announce Merger” published on September 14, 2016, Marketwired.com published: “Pershimco Resources Announces Completion of the Private Placement of C$4 Million” on September 26, 2016. More interesting news about Pershimco Resources Inc (CVE:PRO) were released by: Seekingalpha.com and their article: “Pershimco Resources Is Undervalued And Just Secured An Investment From Agnico …” published on May 16, 2015 as well as Investingnews.com‘s news article titled: “Orla Mining Announces Book Build Completion for $50 Million Private Placement” with publication date: September 28, 2016.

Pershimco Resources Inc. is a junior mineral exploration company. The company has a market cap of $81.24 million. The Company’s properties include Cerro Quema Project , Courville property, Cusi and Magistral property. It currently has negative earnings. The Company’s Cerro Quema Project is located on the Azuero Peninsula in the Los Santos Province of Southwestern Panama, approximately 45 kilometers (km) southwest of the city of Chitre and over 190 km southwest of Panama City by air.

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