The stock of Goldplat plc (LON:GDP) gapped up by GBX 0.025 today and has GBX 9.45 target or 57.00% above today’s GBX 6.02 share price. The 5 months technical chart setup indicates low risk for the GBX 10.25 million company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 9.45 price target is reached, the company will be worth GBX 5.84 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%. The stock decreased 3.68% or GBX 0.23 on November 10, hitting GBX 6.02. About 73,575 shares traded hands. Goldplat plc (LON:GDP) has risen 25.00% since April 13, 2016 and is uptrending. It has outperformed by 19.35% the S&P500.
Another recent and important Goldplat plc (LON:GDP) news was published by Uk.Finance.Yahoo.com which published an article titled: “-LSE Ticker: 0HCWM4/ISIN: GB00B0HCWM45” on March 10, 2014.
Goldplat plc is engaged in the production of gold and other precious metals, by processing by-products of the mining industry, as well as mining itself. The company has a market cap of 10.25 million GBP. The Company’s divisions include Recovery operations, which includes the recovery of precious metals from metallurgical challenging materials and the processing of ore, sourced from other mining operations; Mining and exploration, which includes assets held for commercial exploitation of precious metals and exploration assets held where the commercial viability of the ore resource has not yet been evaluated or is in the process of evaluation, and Administration, which includes activities conducted by holding companies in relation to the Company and its subsidiaries. It has a 38.59 P/E ratio. The Company’s portfolio of assets consists of gold recovery activities in South Africa and Ghana, a gold mine in Kenya and exploration projects in Ghana and Burkina Faso.
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