The stock of Strikepoint Gold Inc (CVE:SKP) gapped up by $0.02 today and has $0.63 target or 62.00% above today’s $0.39 share price. The 6 months technical chart setup indicates low risk for the $10.49 million company. The gap was reported on Nov, 16 by Barchart.com. If the $0.63 price target is reached, the company will be worth $6.50 million 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 45,000 shares traded hands. Strikepoint Gold Inc (CVE:SKP) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More news for Strikepoint Gold Inc (CVE:SKP) were recently published by: Juniorminingnetwork.com, which released: “Voltaic Minerals Corp. Announces Management Changes and Market Maker” on July 15, 2016. Theglobeandmail.com‘s article titled: “The Globe and Mail” and published on December 30, 2009 is yet another important article.
StrikePoint Gold Inc. is an exploration-stage company. The company has a market cap of $10.49 million. The primary business of the Company is the acquisition and exploration of mineral properties in Canada. It currently has negative earnings. The Company’s exploration activities are focused on mineral exploration in the Lobstick area near Lake of the Woods, Ontario; on the Black Raven property in the Hemlo District, Ontario, and in the Angelina area in southeast Manitoba.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.