What Next for Canasil Resources Inc. Stock After Today’s Huge Decline?

 What Next for Canasil Resources Inc. Stock After Today's Huge Decline?

The stock of Canasil Resources Inc. (CVE:CLZ) is a huge mover today! The stock last traded at $0.29 per share. It is down 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
The move comes after 6 months negative chart setup for the $29.55 million company. It was reported on Nov, 23 by Barchart.com. We have $0.28 PT which if reached, will make CVE:CLZ worth $1.48M less.

More notable recent Canasil Resources Inc. (CVE:CLZ) news were published by: Investingnews.com which released: “5 Top TSXV Stocks: Canasil Resources Up 227 Percent on Silver Discovery” on February 01, 2016, also Juniorminingnetwork.com with their article: “Canasil Resources Reports 41 Metres of 108 g/t Silver at Sandra-Escobar Project” published on October 19, 2016, Marketwatch.com published: “Orex Announces 33.3 Million Ounces of Silver in an Inferred Resource Estimate …” on October 31, 2016. More interesting news about Canasil Resources Inc. (CVE:CLZ) were released by: Marketwired.com and their article: “Canasil Appoints Iain MacPhail as Director” published on January 08, 2014 as well as Investingnews.com‘s news article titled: “Rick Rule: How to Succeed in This Bull Market” with publication date: August 04, 2016.

Canasil Resources Inc. is engaged in the exploration and development of mineral properties with prospects for gold, silver, copper, zinc and lead in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The company has a market cap of $29.55 million. The Firm operates in mining exploration industry segment. It currently has negative earnings. The Company’s Mexico properties include the Sandra-Escobar, La Esperanza and Salamandra project.

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