The stock of Aurum Mining plc (LON:AUR) gapped up by GBX 0.2 today and has GBX 4.69 target or 3.00% above today’s GBX 4.55 share price. The 5 months technical chart setup indicates low risk for the GBX 15.59M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 4.69 price target is reached, the company will be worth GBX 467,700 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%. The stock increased 1.11% or GBX 0.05 on November 30, hitting GBX 4.55. About 1.26 million shares traded hands. Aurum Mining plc (LON:AUR) has risen 384.21% since May 3, 2016 and is uptrending. It has outperformed by 378.98% the S&P500.
Another recent and important Aurum Mining plc (LON:AUR) news was published by Uk.Finance.Yahoo.com which published an article titled: “Aurum Mining plc (AUR.L)” on March 28, 2014.
Aurum Mining Plc is a mining company with a portfolio of gold and tungsten exploration projects in North West Spain. The company has a market cap of 15.59 million GBP. The Firm holds approximately 20% carried interest in the Morille tungsten project. It currently has negative earnings. The Morille Tungsten project is located approximately 15 kilometers southwest of Salamanca in North West Spain and covers an area of approximately 5,800 hectares.
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