Aldridge Minerals Inc.’s Big Gap Up Today Points to Less Stock Risks

 Aldridge Minerals Inc.'s Big Gap Up Today Points to Less Stock Risks

The stock of Aldridge Minerals Inc. (CVE:AGM) gapped up by $0.005 today and has $0.32 target or 9.00% above today’s $0.30 share price. The 7 months technical chart setup indicates low risk for the $33.98M company. The gap was reported on Nov, 25 by Barchart.com. If the $0.32 price target is reached, the company will be worth $3.06M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 43,500 shares traded hands. Aldridge Minerals Inc. (CVE:AGM) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Aldridge Minerals Inc. (CVE:AGM) news were published by: Businesswire.com which released: “Aldridge Announces US$45 Million Financing with Orion Mine Finance and …” on August 29, 2014, also Businesswire.com with their article: “Aldridge Announces Resignation of Vice President Project Development” published on September 25, 2015, Marketwired.com published: “APMS Investment Fund Ltd. Reports Decrease in Ownership of Common Shares of …” on September 27, 2016. More interesting news about Aldridge Minerals Inc. (CVE:AGM) were released by: Businesswire.com and their article: “Aldridge Reports Results from its Exploration Drilling Program at Yenipazar” published on May 27, 2015 as well as Businesswire.com‘s news article titled: “Aldridge Hires Jaymes Dircks as EPC Director” with publication date: January 12, 2015.

Aldridge Minerals Inc. is a Canada-based development-stage mining company. The company has a market cap of $33.98 million. The Firm is engaged in the exploration and development of mineral properties in Turkey. It currently has negative earnings. The Company’s divisions are Corporate and Turkey.

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