What’s Propelling Atac Resources Ltd. to Decline So Much?

 What's Propelling Atac Resources Ltd. to Decline So Much?

The stock of Atac Resources Ltd. (CVE:ATC) is a huge mover today! About 449,797 shares traded hands or 196.42% up from the average. Atac Resources Ltd. (CVE:ATC) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 7 months negative chart setup for the $50.82M company. It was reported on Nov, 17 by Barchart.com. We have $0.36 PT which if reached, will make CVE:ATC worth $5.08 million less.

More notable recent Atac Resources Ltd. (CVE:ATC) news were published by: Marketwired.com which released: “ATAC Resources Ltd. Intersects 61.29 m of 2.75 g/t Gold at Orion — Rackla …” on September 12, 2016, also Marketwired.com with their article: “ATAC Resources Ltd. Begins Phase II Diamond Drilling Program at Its Orion Gold …” published on August 22, 2016, Marketwired.com published: “ATAC Resources Ltd. Completes $3250000 Financing” on April 22, 2016. More interesting news about Atac Resources Ltd. (CVE:ATC) were released by: Finance.Yahoo.com and their article: “ATAC Resources Ltd. Announces High Metallurgical Recoveries and Diamond Drill …” published on November 07, 2016 as well as Marketwired.com‘s news article titled: “ATAC Resources Ltd. Sells 50% Interest in the Dawson Gold Joint Venture to …” with publication date: August 02, 2016.

ATAC Resources Ltd. is an exploration-stage company. The company has a market cap of $50.82 million. The Firm is engaged in the business of exploring for metals and minerals, primarily gold. It currently has negative earnings. The Firm is involved in the exploration and development of its Rackla Gold project, which is located in the Mayo Mining District of central Yukon.

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