The stock of Tudor Gold Corp (CVE:TUD) gapped up by $0.04 today and has $1.84 target or 159.00% above today’s $0.71 share price. The 9 months technical chart setup indicates low risk for the $44.84 million company. The gap was reported on Nov, 9 by Barchart.com. If the $1.84 price target is reached, the company will be worth $71.30 million 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 69,965 shares traded hands or 99.32% up from the average. Tudor Gold Corp (CVE:TUD) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent Tudor Gold Corp (CVE:TUD) news were published by: Marketwired.com which released: “Kaizen Capital Corp. Changes Name to Tudor Gold Corp., Announces New Property …” on May 11, 2016, also Marketwired.com with their article: “Tudor Gold Corp. Announces Three New Property Acquisitions in the Golden …” published on May 24, 2016, Marketwired.com published: “Tudor Gold Corp. Closes the Acquisition of the Fairweather, Delta and High …” on July 22, 2016. More interesting news about Tudor Gold Corp (CVE:TUD) were released by: Marketwired.com and their article: “Tudor Gold Corp. Trenches 30200 G/T Silver at the New Blast Zone on the …” published on September 12, 2016 as well as Marketwired.com‘s news article titled: “Tudor Gold Corp. Closes $3000000 Private Placement Financing” with publication date: August 09, 2016.
Tudor Gold Corp., formerly Kaizen Capital Corp., is a junior exploration company. The company has a market cap of $44.84 million. The Firm is engaged in the exploration and development of several exploration properties in the Skeena Mining Division, northwestern British Columbia. It currently has negative earnings. The Company’s principal projects are joint ventures on the Electrum property and the Treaty Creek property in the Golden Triangle area north of Stewart, British Columbia.
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