The stock of North River Resources plc. (LON:NRRP) reached all time low today, Nov, 4 and still has GBX 6.98 target or 13.00% below today’s GBX 8.02 share price. This indicates more downside for the GBX 2.03 million company. This technical setup was reported by Barchart.com. If the GBX 6.98 PT is reached, the company will be worth GBX 263,900 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 10.83% or GBX 0.98 on November 4, hitting GBX 8.02. About 49,958 shares traded hands or 449.29% up from the average. North River Resources plc. (LON:NRRP) has risen 3200.00% since April 7, 2016 and is uptrending. It has outperformed by 3198.91% the S&P500.
Another recent and important North River Resources plc. (LON:NRRP) news was published by Uk.Finance.Yahoo.com which published an article titled: “North River Resources Plc (NRRP.L)” on April 03, 2014.
North River Resources plc is a holding company. The company has a market cap of 2.03 million GBP. The Firm is engaged in the identification, acquisition, exploration and development of mineral projects with a principal focus on base metals particularly zinc and lead. It currently has negative earnings. The Company’s activities are focused on Africa and its main project, the Namib lead zinc mine is located in Namibia.
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