Could Berkeley Energia Ltd Decline After Today’s Huge Increase?

 Could Berkeley Energia Ltd Decline After Today's Huge Increase?

The stock of Berkeley Energia Ltd (LON:BKY) is a huge mover today! The stock increased 4.95% or GBX 2.25 on November 4, hitting GBX 47.75. About 5.11M shares traded hands or 858.82% up from the average. Berkeley Energia Ltd (LON:BKY) has risen 76.85% since April 7, 2016 and is uptrending. It has outperformed by 75.76% the S&P500.
The move comes after 6 months positive chart setup for the GBX company. It was reported on Nov, 4 by Barchart.com. We have GBX 142.77 PT which if reached, will make LON:BKY worth GBX more.

Berkeley Energia Ltd (LON:BKY) Ratings Coverage

Out of 7 analysts covering Berkeley Resources Ltd (LON:BKY), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Berkeley Resources Ltd has been the topic of 15 analyst reports since October 8, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, July 26 by FinnCap. UBS maintained the shares of BKY in a report on Monday, November 30 with “Buy” rating. The rating was maintained by Numis Securities on Friday, June 10 with “Buy”. On Tuesday, September 20 the stock rating was maintained by Liberum Capital with “Buy”. The firm has “Buy” rating by Numis Securities given on Wednesday, March 9. Numis Securities maintained the stock with “Buy” rating in Thursday, October 8 report. The stock of Berkeley Energia Ltd (LON:BKY) has “Buy” rating given on Tuesday, September 20 by WH Ireland. The firm has “Buy” rating by WH Ireland given on Tuesday, February 16. Deutsche Bank maintained the shares of BKY in a report on Friday, November 6 with “Equal-Weight” rating. Numis Securities maintained the stock with “Buy” rating in Wednesday, November 4 report.

Berkeley Energia Limited, formerly Berkeley Energy Limited, is engaged in mineral exploration and development. The company has a market cap of GBP. The Firm is focused on developing Europe’s uranium project, the Salamanca mine. It currently has negative earnings.

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