Could Sterling Resources Ltd Change Direction After Today’s Huge Decline?

 Could Sterling Resources Ltd Change Direction After Today's Huge Decline?

The stock of Sterling Resources Ltd (CVE:SLG) is a huge mover today! About 22,670 shares traded hands. Sterling Resources Ltd (CVE:SLG) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
The move comes after 7 months negative chart setup for the $75.47 million company. It was reported on Nov, 14 by Barchart.com. We have $0.45 PT which if reached, will make CVE:SLG worth $8.30M less.

Sterling Resources Ltd. is a Canada energy firm engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, natural gas and crude oil. The company has a market cap of $75.47 million. The Company’s geographical divisions include Canada, United Kingdom and Other International. It currently has negative earnings. The United Kingdom and other international locations are involved in exploration and development operations.

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