The stock of Brixton Metals Corp (CVE:BBB) gapped down by $0.015 today and has $0.40 target or 10.00% below today’s $0.45 share price. The 6 months technical chart setup indicates high risk for the $4.81M company. The gap down was reported on Nov, 8 by Barchart.com. If the $0.40 price target is reached, the company will be worth $481,000 less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 45,696 shares traded hands. Brixton Metals Corp (CVE:BBB) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent Brixton Metals Corp (CVE:BBB) news were published by: Marketwired.com which released: “Acquisition of Units of Brixton Metals Corporation” on April 08, 2016, also Investingnews.com with their article: “Brixton Metals” published on April 20, 2016, Business.Financialpost.com published: “Podcast: Brixton Metals CEO Gary Thompson on Canada’s only primary silver mine” on June 14, 2016. More interesting news about Brixton Metals Corp (CVE:BBB) were released by: Marketwired.com and their article: “Brixton Metals Drills 10m of 3.61 g/t Au within 52m of 0.94 g/t Au at The …” published on October 31, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Brixton Metals Drills 2 Metres of 1084 g/t Silver at Langis Project” with publication date: October 18, 2016.
Brixton Metals Corporation is a Canada exploration-stage company. The company has a market cap of $4.81 million. The Company’s segment is the acquisition, exploration and evaluation of assets located in British Columbia, Canada. It currently has negative earnings. The Firm focuses on the exploration of silver and gold deposits.
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