The stock of SILVER ONE RESOURCES INC (CVE:SVE) reached all time low today, Nov, 29 and still has $0.71 target or 7.00% below today’s $0.76 share price. This indicates more downside for the $70.40M company. This technical setup was reported by Barchart.com. If the $0.71 PT is reached, the company will be worth $4.93M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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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