The stock of Atalaya Mining PLC (TSE:AYM) reached all time high today, Nov, 25 and still has $2.68 target or 3.00% above today’s $2.60 share price. This indicates more upside for the $268.36M company. This technical setup was reported by Barchart.com. If the $2.68 PT is reached, the company will be worth $8.05M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock last traded at $2.6 per share. It is up 47.73% since April 21, 2016 and is uptrending. It has outperformed by 42.32% the S&P500.
More important recent Atalaya Mining PLC (TSE:AYM) news were published by: Marketwired.com which released: “Atalaya Mining plc (“Atalaya” or the “Company”) Operational review and release …” on November 24, 2016, also Marketwired.com published article titled: “Atalaya Mining plc: Filing of NI 43-101 Technical Report”, Marketwired.com published: “Atalaya Mining PLC Announces Q3 2016 Operational Update” on October 11, 2016. More interesting news about Atalaya Mining PLC (TSE:AYM) was released by: Marketwired.com and their article: “Atalaya Mining PLC: Updated Reserves and Resources Statement” with publication date: July 14, 2016.
Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus new European copper firm focused on the re-start of production at the Rio Tinto Copper Project. The company has a market cap of $268.36 million. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. It currently has negative earnings.
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