The stock of Select Sands Corp (CVE:SNS) gapped up by $0.02 today and has $1.02 target or 9.00% above today’s $0.94 share price. The 6 months technical chart setup indicates low risk for the $57.07 million company. The gap was reported on Nov, 30 by Barchart.com. If the $1.02 price target is reached, the company will be worth $5.14 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 290,429 shares traded hands. Select Sands Corp (CVE:SNS) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More news for Select Sands Corp (CVE:SNS) were recently published by: Marketwired.com, which released: “RETRANSMISSION: Select Sands Corporation Announces Corporate Update Conference …” on September 15, 2016. Marketwired.com‘s article titled: “Select Sands Enters Into an Agreement Including Option to Purchase Dry Plant …” and published on October 04, 2016 is yet another important article.
Select Sands Corp. is an industrial silica product company. The company has a market cap of $57.07 million. The Company’s primary business is an advanced-stage silica sand project located in Arkansas, United States. It currently has negative earnings. The Firm is focused on developing silica sand project to enable commercial silica sand sales to industrial and energy customers.
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