The stock of Anfield Gold Corp (CVE:ANF) gapped up by $0.03 today and has $2.58 target or 91.00% above today’s $1.35 share price. The 5 months technical chart setup indicates low risk for the $157.90M company. The gap was reported on Nov, 15 by Barchart.com. If the $2.58 price target is reached, the company will be worth $143.69M 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 58,400 shares traded hands. Anfield Gold Corp (CVE:ANF) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
More notable recent Anfield Gold Corp (CVE:ANF) news were published by: Marketwired.com which released: “Anfield Gold Corp. Appoints Andrew Storrie as President and Chief Operating …” on August 26, 2016, also Marketwired.com with their article: “Anfield Gold Corp. Announces Results of AGM and Grant of Options” published on July 15, 2016, Marketwired.com published: “Anfield Gold Corp. Discloses Changes in Directors and Officers” on May 25, 2016. More interesting news about Anfield Gold Corp (CVE:ANF) were released by: Marketwired.com and their article: “Anfield Announces CDN $25.0 Million Private Placement of Common Shares, Name …” published on May 10, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Anfield Nickel Corp to change name to “Anfield Gold”” with publication date: May 10, 2016.
Anfield Gold Corp, formerly Anfield Nickel Corp, is a Canada resource exploration company. The company has a market cap of $157.90 million. The Firm and its subsidiaries are engaged in the acquisition, exploration and development of mineral resources. It currently has negative earnings. The Company’s segment is engaged in the acquisition, exploration and evaluation of mineral assets.
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