What’s in Prospero Silver Corp. After Today’s Gap Down?

 What's in Prospero Silver Corp. After Today's Gap Down?

The stock of Prospero Silver Corp. (CVE:PSL) gapped down by $0.015 today and has $0.34 target or 4.00% below today’s $0.35 share price. The 9 months technical chart setup indicates high risk for the $3.21 million company. The gap down was reported on Nov, 23 by Barchart.com. If the $0.34 price target is reached, the company will be worth $128,400 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 40,300 shares traded hands. Prospero Silver Corp. (CVE:PSL) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

More notable recent Prospero Silver Corp. (CVE:PSL) news were published by: Marketwired.com which released: “Prospero Announces Increase to Private Placement Offering” on August 11, 2016, also Marketwired.com with their article: “Prospero Announces Private Placement Offering” published on August 08, 2016, Marketwired.com published: “Prospero Provides Project Updates” on October 24, 2016. More interesting news about Prospero Silver Corp. (CVE:PSL) were released by: Prnewswire.com and their article: “Golden Minerals Begins Drill Program at San Luis del Cordero” published on March 02, 2016 as well as Prnewswire.com‘s news article titled: “Golden Minerals Acquires Mining Rights For Cordero Property” with publication date: November 16, 2015.

Prospero Silver Corp. is engaged in acquiring and exploring mineral resource properties. The company has a market cap of $3.21 million. The Firm operates through the acquisition, exploration and development of mineral properties segment. It currently has negative earnings. It has mineral property interests located in Mexico undergoing preliminary exploration.

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.

Related posts

Leave a Comment