The stock of Auryn Resources Inc (TSE:AUG) reached all time low today, Nov, 11 and still has $2.09 target or 13.00% below today’s $2.40 share price. This indicates more downside for the $154.50M company. This technical setup was reported by Barchart.com. If the $2.09 PT is reached, the company will be worth $20.09M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 67,177 shares traded hands. Auryn Resources Inc (TSE:AUG) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More important recent Auryn Resources Inc (TSE:AUG) news were published by: Marketwired.com which released: “Auryn Resources to Acquire Homestake Resource Corporation” on June 14, 2016, also Marketwatch.com published article titled: “Auryn Resources Commences Work on Peruvian Portfolio”, Marketwired.com published: “Auryn Resources Completes Acquisition of Homestake Resource Corp.” on September 08, 2016. More interesting news about Auryn Resources Inc (TSE:AUG) was released by: Marketwatch.com and their article: “Auryn Resources Options Huilacollo Gold Project and Expands Land Position in …” with publication date: June 02, 2016.
Auryn Resources Inc., formerly Georgetown Capital Corp., is a junior exploration company. The company has a market cap of $154.50 million. The Firm is focused on the acquisition, exploration and development of mineral resource properties. It currently has negative earnings. The Firm holds interest in the Committee Bay Project in Nunavut, Canada.
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