The stock of Orosur Mining Inc (LON:OMI) gapped down by GBX 0.05 today and has GBX 12.35 target or 5.00% below today’s GBX 13.00 share price. The 5 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 12.35 price target is reached, the company will be worth GBX 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%. The stock decreased 7.96% or GBX 1.12 on November 24, hitting GBX 13. About 37,309 shares traded hands. Orosur Mining Inc (LON:OMI) has risen 50.00% since April 27, 2016 and is uptrending. It has outperformed by 44.59% the S&P500.
More notable recent Orosur Mining Inc (LON:OMI) news were published by: Businesswire.com which released: “Orosur Mining Inc. – Results of Annual General Meeting” on October 21, 2016, also Businesswire.com with their article: “Orosur Mining Inc. â€“ Director Dealing” published on August 22, 2016, Businesswire.com published: “Orosur Mining Inc. – Q1 2017 Results: Net Profit US$2.8M & Cash Operating …” on October 17, 2016. More interesting news about Orosur Mining Inc (LON:OMI) were released by: Businesswire.com and their article: “Orosur Mining Inc. â€“ Exploration & Development Update for Uruguay and Colombia” published on October 12, 2016 as well as Marketwired.com‘s news article titled: “Paul H. Stephens Announces Acquisition of Equity Interests in Orosur Mining Inc.” with publication date: March 26, 2015.
Orosur Mining Inc. is a Canada gold producer and exploration company. The company has a market cap of GBP. The Firm is focused on identifying and developing mineral opportunities. It currently has negative earnings. The Firm operates in Uruguay, Chile and Colombia.
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.