Altius Minerals Corporation Just Recorded A Sigfniciant Gap Up

 Altius Minerals Corporation Just Recorded A Sigfniciant Gap Up

The stock of Altius Minerals Corporation (TSE:ALS) gapped up by $0.03 today and has $17.82 target or 54.00% above today’s $11.57 share price. The 8 months technical chart setup indicates low risk for the $508.90M company. The gap was reported on Nov, 16 by Barchart.com. If the $17.82 price target is reached, the company will be worth $274.81M 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 28,277 shares traded hands. Altius Minerals Corporation (TSE:ALS) has declined 4.16% since April 12, 2016 and is downtrending. It has underperformed by 8.85% the S&P500.

Altius Minerals Corporation (TSE:ALS) Ratings Coverage

Out of 2 analysts covering Altius Minerals (TSE:ALS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $15 is the highest target while $12.60 is the lowest. The $13.80 average target is 19.27% above today’s ($11.57) stock price. Altius Minerals has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

More notable recent Altius Minerals Corporation (TSE:ALS) news were published by: Marketwatch.com which released: “Altius Minerals Corp.” on April 27, 2011, also Marketwired.com with their article: “Altius Minerals Corporation: New Gold Prospects Discovered at Wilding Lake and …” published on September 20, 2016, Marketwired.com published: “Altius Minerals Corporation (TSX:ALS) Reports Quarterly Attributable Revenue …” on September 12, 2016. More interesting news about Altius Minerals Corporation (TSE:ALS) were released by: Marketwatch.com and their article: “Altius Chilean Subsidiary Options Vidalita Gold Project in Chile to ASX Listed …” published on November 15, 2016 as well as Marketwired.com‘s news article titled: “Altius Minerals Corporation Reports Annual Net Loss of $22565000” with publication date: July 02, 2014.

Altius Minerals Corporation is a mining royalty and mineral project generation company. The company has a market cap of $508.90 million. The Firm is engaged in the generation and acquisition of mineral resource projects, royalties and investments. It currently has negative earnings. The royalty interests cover mining activities producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal and metallurgical coal.

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