The stock of Stakeholder Gold Corp (CVE:SRC) gapped down by $0.025 today and has $0.33 target or 12.00% below today’s $0.38 share price. The 9 months technical chart setup indicates high risk for the $7.19 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $0.33 price target is reached, the company will be worth $862,800 less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 46,500 shares traded hands or 131.63% up from the average. Stakeholder Gold Corp (CVE:SRC) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More news for Stakeholder Gold Corp (CVE:SRC) were recently published by: Juniorminingnetwork.com, which released: “Stakeholder Gold Corp. Reports Issuance of Stock Options” on January 19, 2015. Investorideas.com‘s article titled: “Stakeholder Gold, New Technology for a Yukon Deposit” and published on September 20, 2016 is yet another important article.
Stakeholder Gold Corp. is an exploration-stage junior mineral exploration company. The company has a market cap of $7.19 million. The Company’s principal business activities include the acquisition, exploration and development of mineral rights located in Canada. It currently has negative earnings. The Firm is focusing its exploration activities in Canada, on precious metals properties located in the Yukon, and is evaluating and focusing on acquiring additional properties as capital and opportunities present themselves.
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