How Analysts Feel About Lion One Metals Ltd After Today’s Gap Down?

 How Analysts Feel About Lion One Metals Ltd After Today's Gap Down?

The stock of Lion One Metals Ltd (CVE:LIO) gapped down by $0.01 today and has $0.75 target or 14.00% below today’s $0.87 share price. The 8 months technical chart setup indicates high risk for the $90.96 million company. The gap down was reported on Nov, 10 by If the $0.75 price target is reached, the company will be worth $12.73 million 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 23,000 shares traded hands. Lion One Metals Ltd (CVE:LIO) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

More important recent Lion One Metals Ltd (CVE:LIO) news were published by: which released: “Lion One Announces Non-Brokered Private Placement” on August 29, 2016, also published article titled: “Lion One Announces Grant of Mining Lease Approved for High Grade Tuvatu Gold …”, published: “Lion One Announces Completion of $38 Million Private Placement” on September 16, 2016. More interesting news about Lion One Metals Ltd (CVE:LIO) was released by: and their article: “Lion One Announces Fiji Gold Exploration and Development Update” with publication date: October 12, 2016.

Lion One Metals Limited is engaged in the business of acquiring, exploring, and developing mineral properties. The company has a market cap of $90.96 million. The Firm has non-material exploration properties, including a tenement interest in the Olary Creek iron project in South Australia, and over two exploration properties covering over 27,490 hectares within two special prospecting licenses on the island of Vanua Levu in Fiji. It currently has negative earnings. The Company’s primary asset is the Tuvatu Gold Project located near Nadi on the island of Viti Levu, Fiji.

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