Some Traders Are Very Bearish on Trans-Siberian Gold plc After Today’s Gap Down

 Some Traders Are Very Bearish on Trans Siberian Gold plc After Today's Gap Down

The stock of Trans-Siberian Gold plc (LON:TSG) gapped down by GBX 0.3 today and has GBX 37.44 target or 4.00% below today’s GBX 39.00 share price. The 5 months technical chart setup indicates high risk for the GBX 42.17M company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 37.44 price target is reached, the company will be worth GBX 1.69M 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 1.27% or GBX 0.5 on November 29, hitting GBX 39. About 43,754 shares traded hands or 93.86% up from the average. Trans-Siberian Gold plc (LON:TSG) has 0.00% since April 29, 2016 and is . It has underperformed by 5.26% the S&P500.

More recent Trans-Siberian Gold plc (LON:TSG) news were published by: Fool.Co.Uk which released: “Can Pantheon Resources plc (+680%), Trans-Siberian Gold plc (+245%) and …” on June 08, 2016. Also Uk.Finance.Yahoo.com published the news titled: “Trans-Siberian Gold plc (TSG.L)” on April 01, 2014. Fool.Co.Uk‘s news article titled: “Could Internetq Plc (+182%), Trans-Siberian Gold plc (+133%) And Tribal Group …” with publication date: March 30, 2016 was also an interesting one.

Trans-Siberian Gold plc is a United Kingdom resource firm engaged in acquiring and developing a portfolio of gold mining assets in Russia. The company has a market cap of 42.17 million GBP. The Company’s subsidiary, ZAO Trevozhnoye Zarevo , holds approximately 20 square kilometers of mining license in the southern part of the Kamchatka peninsula, including the Asacha gold deposit, an epithermal gold/silver deposit located on a tertiary volcanic arc typical of ore systems found along the Pacific Rim. It has a 5.96 P/E ratio. The main ore zone at Asacha consists of approximately five steeply dipping veins with over two principal veins averaging over two meters in width.

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