Shares of Pretium Resources (PVG) Drops by -3.94%

Pretium Resources (PVG) has risen sharply, recording gains of 19.75% in the past 4 weeks. However, the stock has corrected -3.94% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 5.86% and the 50-Day Moving Average is 25%.

Pretium Resources (NYSE:PVG): The stock opened at $11.84 on Friday but the bulls could not build on the opening and the stock topped out at $11.99 for the day. The stock traded down to $11.31 during the day, due to lack of any buying support eventually closed down at $11.46 with a loss of -5.05% for the day. The stock had closed at $12.07 on the previous day. The total traded volume was 2,368,663 shares.


Institutional Investors own 37.65% of Pretium Resources shares.

Pretium Resources Inc. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Companys wholly owned projects include Brucejack Project and the Snowfield Project. The Companys only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Companys Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3,199.28 hectares in area. The Companys Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1,267.43 hectares. The Company has two wholly owned subsidiaries, Pretium Exploration Inc. and 0890696 B.C. Ltd, which hold the Companys interests in the Brucejack Project and the assets related thereto.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.