It Seems Storm Resources Ltd Will Go Down. Have Another Big Decline

 It Seems Storm Resources Ltd Will Go Down. Have Another Big Decline

The stock of Storm Resources Ltd (CVE:SRX) is a huge mover today! About 10,358 shares traded hands. Storm Resources Ltd (CVE:SRX) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
The move comes after 7 months negative chart setup for the $542.53M company. It was reported on Nov, 4 by Barchart.com. We have $4.32 PT which if reached, will make CVE:SRX worth $37.98M less.

More notable recent Storm Resources Ltd (CVE:SRX) news were published by: Marketwired.com which released: “Storm Resources Ltd. Announces Processing Arrangement at Umbach and Increased …” on September 07, 2016, also Marketwired.com with their article: “Storm Resources Ltd. Is Pleased to Announce Its Financial and Operating …” published on May 12, 2016, Marketwired.com published: “Storm Resources Ltd. Announces Grant of Stock Options” on December 08, 2015. More interesting news about Storm Resources Ltd (CVE:SRX) were released by: Fool.ca and their article: “How Does China’s Shockingly Bad Trade Data Affect Teck Resources Ltd.?” published on October 14, 2016 as well as Seekingalpha.com‘s news article titled: “The Next Ventana Gold” with publication date: October 31, 2016.

Storm Resources Ltd. is a Canada-based firm engaged in the exploration for, and the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the provinces of Alberta and British Columbia. The company has a market cap of $542.53 million. The Firm focuses on exploratory and development drilling. It currently has negative earnings. The Company’s main areas of activity are located in the Umbach and Horn River Basin areas of northeast British Columbia, with minor interests in the Valhalla area of north central Alberta.

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