Stocks which trade within a range can often break out strongly as well and hence, it might not be the worst idea for investors to keep an eye on such stock.
Trading Data
On Thursday, GERFF stock ended flat at $0.07 with more than 100 shares, compared to its average volume of 13.6k shares. The stock has moved within a range of $0.0700 – 0.0700 after opening trade at $0.0700.
Latest News
The Glen Eagle Resources (OTCMKTS:GERFF) stock was one of the stocks to have traded within a range on Thursday. At the same time, it is necessary to keep in mind that there was no news about the company yesterday. The last time the company was in the news was back on December 2 when it made an announcement with the ramping up operations that had progressed with considerable success at its Cobra Oro gold processing facility located in Honduras.
It should be noted that the update provided by the company was with regards to the progress that had been made for the month of October. It was announced by Glen Eagle Resources that gold recovery results for the period was positive and stood at as much as 88.99%. On the other hand, the same for silver came in at 67.55%. That allowed Glen Eagle to recover its cost of operations. At this point, investors could do well to keep an eye on the news with regards to Glen Eagle.
Technical Data
GERFF stock is below the 20-Day and 50-Day Moving averages of $0.0814 and $0.0919 respectively. Moreover, the stock is below the 100-Day moving average of $0.0838.
