Crystal Peak Minerals Inc Just Recorded A Sigfniciant Gap Down

 Crystal Peak Minerals Inc Just Recorded A Sigfniciant Gap Down

The stock of Crystal Peak Minerals Inc (CVE:CPM) gapped down by $0.025 today and has $0.29 target or 8.00% below today’s $0.32 share price. The 7 months technical chart setup indicates high risk for the $61.06M company. The gap down was reported on Nov, 25 by Barchart.com. If the $0.29 price target is reached, the company will be worth $4.88 million 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 38,000 shares traded hands or 0.31% up from the average. Crystal Peak Minerals Inc (CVE:CPM) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Crystal Peak Minerals Inc (CVE:CPM) news were published by: Marketwired.com which released: “Crystal Peak Minerals Inc. Announces Exercise Of EMR Warrant and Additional …” on May 02, 2016, also Marketwired.com with their article: “Crystal Peak Minerals Inc. Describes Potential Lithium Opportunity” published on April 25, 2016, Marketwired.com published: “Crystal Peak Minerals Inc. Awards Contracts to Consultants to Complete …” on June 28, 2016. More interesting news about Crystal Peak Minerals Inc (CVE:CPM) were released by: Investingnews.com and their article: “The Lithium Play No One is Talking About” published on December 10, 2015 as well as Marketwatch.com‘s news article titled: “POCML 3 Inc. Enters Into Binding Definitive Agreement With Neo Lithium Corp …” with publication date: April 08, 2016.

Crystal Peak Minerals Inc. , formerly EPM Mining Ventures Inc., is focused on the production of premium specialty fertilizers and other beneficial minerals. The company has a market cap of $61.06 million. The Firm together with its subsidiaries, operates an exploration-stage entity focused on the construction and operation of a potassium sulfate (SOP) project on the Sevier Playa in southwestern Utah (the Sevier Playa Project). It currently has negative earnings. CPM is engaged in engineering, permitting and financing activities on its Sevier Playa Project with the objective of providing a feasibility study and reserve estimates in accordance with the standards of Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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