Regulus Resources Inc Gaps Down Today, Is Now One of The Worst Performers

 Regulus Resources Inc Gaps Down Today, Is Now One of The Worst Performers

The stock of Regulus Resources Inc (CVE:REG) gapped down by $0.01 today and has $1.13 target or 3.00% below today’s $1.16 share price. The 5 months technical chart setup indicates high risk for the $75.30 million company. The gap down was reported on Nov, 29 by Barchart.com. If the $1.13 price target is reached, the company will be worth $2.26M 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 43,400 shares traded hands or 2.67% up from the average. Regulus Resources Inc (CVE:REG) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

More notable recent Regulus Resources Inc (CVE:REG) news were published by: Reuters.com which released: “BRIEF-Regulus Resources says to increase amount of offering from 8.4 mln u…” on July 06, 2016, also Marketwired.com with their article: “Regulus Resources Announces Agreements for Collaborative Exploration at …” published on May 18, 2016, Marketwired.com published: “Regulus Announces Cdn$10 Million Private Placement” on July 05, 2016. More interesting news about Regulus Resources Inc (CVE:REG) were released by: Marketwired.com and their article: “Regulus and Southern Legacy Announce Closing of Arrangement” published on October 01, 2014 as well as Marketwired.com‘s news article titled: “Regulus Announces Closing of Financing” with publication date: July 27, 2016.

Regulus Resources Inc. is a mineral exploration company. The company has a market cap of $75.30 million. The Company’s projects include Golden Brew, Rio Grande, El Camino, La Frontera, Aguas Calientes, Catua and Fireweed. It currently has negative earnings. It has around 50% interest in the Rio Grande copper gold porphyry project , held through its wholly-owned subsidiary Mineras Antares Argentina S.A.

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