The stock of Poydras Gaming Finance Corp (CVE:PYD) gapped up by $0.01 today and has $2.05 target or 189.00% above today’s $0.71 share price. The 9 months technical chart setup indicates low risk for the $24.49M company. The gap was reported on Nov, 4 by Barchart.com. If the $2.05 price target is reached, the company will be worth $46.29M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 16,400 shares traded hands. Poydras Gaming Finance Corp (CVE:PYD) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More important recent Poydras Gaming Finance Corp (CVE:PYD) news were published by: Prnewswire.com which released: “Poydras Gaming Finance Corp. Signs Exclusive Distribution Agreement with …” on September 14, 2016, also Prnewswire.com published article titled: “Poydras Gaming Finance Corp. Commences Trading on the OTCQX Market in the …”, Prnewswire.com published: “OTC Markets Group Welcomes Poydras Gaming Finance to OTCQX” on October 12, 2016. More interesting news about Poydras Gaming Finance Corp (CVE:PYD) was released by: Globenewswire.com and their article: “Poydras Gaming Finance Poised to Capitalize on Growing Tribal Gaming Industry” with publication date: February 17, 2015.
Poydras Gaming Finance Corp is a Canada firm engaged in slot route operations. The company has a market cap of $24.49 million. The Firm is engaged in providing capital and gaming equipment to casino operators and vendors in the United States. It currently has negative earnings. It is focused on leasing and distributing slot machines, electronic table games, and casino and bingo equipment and supplies.
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