The stock of Southern Lithium Corp (CVE:SNL) gapped up by $0.03 today and has $0.54 target or 60.00% above today’s $0.34 share price. The 8 months technical chart setup indicates low risk for the $9.80M company. The gap was reported on Nov, 11 by Barchart.com. If the $0.54 price target is reached, the company will be worth $5.88M 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 313,000 shares traded hands or 695455.56% up from the average. Southern Lithium Corp (CVE:SNL) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More notable recent Southern Lithium Corp (CVE:SNL) news were published by: Marketwatch.com which released: “Southern Lithium Corp. (SNL) Announces Frankfurt Stock Exchange Listing” on November 08, 2016, also Marketwatch.com with their article: “Southern Lithium Corp. (SNL) Announces Letter of Intent with Millennial …” published on November 03, 2016, Marketwatch.com published: “Southern Lithium Corp.” on September 10, 2012. More interesting news about Southern Lithium Corp (CVE:SNL) were released by: Stockhouse.com and their article: “Southern Lithium Corp. (TSX-V: SNL) Announces Frankfurt Stock Exchange Listing …” published on November 08, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Morguard Real Estate Investment Trust announces 2016 Q3 results” with publication date: November 02, 2016.
Signal Exploration Inc. is a Canada exploration-stage company. The company has a market cap of $9.80 million. The Firm is a resource exploration firm that is engaged in the business of acquiring and exploring mineral properties. It currently has negative earnings. The Company’s principal asset and project is its interest in the Scotch Creek Property, which consists of approximately eight map-staked mineral claims covering a total area of approximately 1,384.12 hectares located in the Kamloops Mining Division and in the Kamloops Land District in Shuswap Highland of south-central British Columbia.
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