The stock of Brixton Metals Corp (CVE:BBB) gapped down by $0.01 today and has $0.31 target or 9.00% below today’s $0.34 share price. The 8 months technical chart setup indicates high risk for the $3.91 million company. The gap down was reported on Nov, 23 by Barchart.com. If the $0.31 price target is reached, the company will be worth $351,900 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 76,000 shares traded hands. Brixton Metals Corp (CVE:BBB) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
More important recent Brixton Metals Corp (CVE:BBB) news were published by: Investingnews.com which released: “Brixton Metals” on April 20, 2016, also Marketwired.com published article titled: “Acquisition of Units of Brixton Metals Corporation”, Business.Financialpost.com published: “Podcast: Brixton Metals CEO Gary Thompson on Canada’s only primary silver mine” on June 14, 2016. More interesting news about Brixton Metals Corp (CVE:BBB) was released by: Juniorminingnetwork.com and their article: “Brixton Metals Enters Into Purchase Agreement with Agnico Eagle to Acquire …” with publication date: September 30, 2016.
Brixton Metals Corporation is a Canada exploration-stage company. The company has a market cap of $3.91 million. The Company’s segment is the acquisition, exploration and evaluation of assets located in British Columbia, Canada. It currently has negative earnings. The Firm focuses on the exploration of silver and gold deposits.
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