The stock of SILVER ONE RESOURCES INC (CVE:SVE) hit a new 52-week low and has $0.69 target or 9.00% below today’s $0.76 share price. The 6 months bearish chart indicates high risk for the $70.40 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $0.69 price target is reached, the company will be worth $6.34 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 214,758 shares traded hands or 33.31% up from the average. SILVER ONE RESOURCES INC (CVE:SVE) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
Another recent and important SILVER ONE RESOURCES INC (CVE:SVE) news was published by Seekingalpha.com which published an article titled: “Golden Arrow Resources’ And Silver Standard’s Upcoming Silver Joint Venture …” on November 28, 2016.
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