The stock of TriStar Gold Inc. (CVE:TSG) gapped up by $0.01 today and has $0.34 target or 5.00% above today’s $0.32 share price. The 8 months technical chart setup indicates low risk for the $40.99 million company. The gap was reported on Nov, 30 by Barchart.com. If the $0.34 price target is reached, the company will be worth $2.05 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 52,000 shares traded hands or 125.11% up from the average. TriStar Gold Inc. (CVE:TSG) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More important recent TriStar Gold Inc. (CVE:TSG) news were published by: Marketwatch.com which released: “TriStar Gold Inc.” on January 17, 2011, also Juniorminingnetwork.com published article titled: “TriStar Gold Reports Initial Drill Results from Castelo de Sonhos Project”, Marketwatch.com published: “Early Warrant Exercise Incentive Program” on November 16, 2015. More interesting news about TriStar Gold Inc. (CVE:TSG) was released by: Bizjournals.com and their article: “Investment down, deal flow up in third quarter” with publication date: October 14, 2016.
TriStar Gold, Inc. is an exploration-stage junior mining company. The company has a market cap of $40.99 million. The Company’s business focus is the acquisition, exploration and development of precious metal prospects in the Americas, including its focus on advancing the exploration of the Castelo de Sonhos project in the Tapajos Gold District of Brazil’s northerly Para State. It currently has negative earnings. The Company’s divisions include Corporate Office and Mineral Exploration.
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