Could Avino Silver and Gold Mines Ltd Lose Strenght? The Stock Just Gapped Up

 Could Avino Silver and Gold Mines Ltd Lose Strenght? The Stock Just Gapped Up

The stock of Avino Silver and Gold Mines Ltd (CVE:ASM) gapped up by $0.02 today and has $8.94 target or 181.00% above today’s $3.18 share price. The 8 months technical chart setup indicates low risk for the $142.98 million company. The gap was reported on Nov, 8 by Barchart.com. If the $8.94 price target is reached, the company will be worth $258.79M 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 37,515 shares traded hands. Avino Silver and Gold Mines Ltd (CVE:ASM) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More news for Avino Silver and Gold Mines Ltd (CVE:ASM) were recently published by: Prnewswire.com, which released: “Avino Silver & Gold Mines Ltd. Revises Date of Third Quarter 2016 Financial …” on November 02, 2016. Prnewswire.com‘s article titled: “Avino Silver & Gold Mines Ltd. Third Quarter 2016 Financial Results to be …” and published on October 31, 2016 is yet another important article.

Avino Silver and Gold Mines Ltd is a Canada resource company. The company has a market cap of $142.98 million. It is focused on silver, gold, and copper exploration, extraction and processing. It currently has negative earnings. It extracts resources and processes a bulk concentrate at the San Gonzalo Mine and a copper concentrate from the Avino Mine, both of which are located on the Avino property in Durango, Mexico.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment