SSR Mining Inc. (SSRM) on Focus After Forming Bullish Double Top Pattern

November 10, 2018 - By Dolores Ford

The chart of SSR Mining Inc. (SSRM) shows a double top with $11.15 target or 7.00 % above today’s $10.42 share price. The 6 months chart pattern indicates low risk for the $1.25B company. It was reported on Nov, 10 by Finviz.com. If the $11.15 price target is reached, the company will be worth $87.50M more. Double tops are rare but powerful chart patterns.

The stock increased 7.09% or $0.69 during the last trading session, reaching $10.42. About 1.40M shares traded or 78.59% up from the average. SSR Mining Inc. (NASDAQ:SSRM) has declined 18.39% since November 10, 2017 and is downtrending. It has underperformed by 34.01% the S&P500.

More notable recent SSR Mining Inc. (NASDAQ:SSRM) news were published by: Investorintel.com which released: “It’s a good time to be looking at gold and silver” on November 08, 2018, also Digitaljournal.com with their article: “Eskay Mining Announces SSR Mining’s Plan to Terminate SIB Property Exploration Agreement” published on November 09, 2018, Seekingalpha.com published: “SSR Mining Inc (SSRM) CEO Paul Benson on Q3 2018 Results – Earnings Call Transcript” on November 10, 2018. More interesting news about SSR Mining Inc. (NASDAQ:SSRM) were released by: Fool.com and their article: “Why Canopy Growth, SSR Mining, and Iovance Biotherapeutics Jumped Today” published on October 12, 2018 as well as Fool.com‘s news article titled: “Here’s Why SSR Mining Stock Rose Over 13% Today” with publication date: October 12, 2018.

SSR Mining Inc. engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company has market cap of $1.25 billion. The firm primarily explores for gold and silver deposits. It has a 61.29 P/E ratio. The Company’s projects include the Marigold mine located in Humboldt County, Nevada, the United States; the Pirquitas mine located in the province of Jujuy, northern Argentina; and the Seabee Gold Operation located near Laonil Lake, Saskatchewan.

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