Large Inflow of Money Detected in Silver Standard Resources

Silver Standard Resources (SSRI) : Investors lapped up stocks on upticks to the tune of $6.74 million in the Mondays trading session. The trading value on downticks was comparatively at $5.35 million and the uptick to downtick ratio of 1.26 indicates continuous buying by the bulls. The net money flow into the stock was $1.39 million. The block trades were dominated by the bulls with a healthy 2.02, uptick to downtick ratio. Only $1.61 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $3.26 clearly indicating buying by large investors. The total money flow for block trades stood at $1.64 million, which is a positive for the stock in the long-term. Silver Standard Resources (SSRI) fell $0.26 during the day at $15.09, a drop of -1.66% over the previous days close. However, for the week, the stock is 13.08%, compared to the previous week.


Shares of Silver Standard Resources Inc. rose by 11.29% in the last five trading days and 5.9% for the last 4 weeks. Silver Standard Resources Inc. is up 58.74% in the last 3-month period. Year-to-Date the stock performance stands at 191.12%.

Silver Standard Resources (NASDAQ:SSRI): The stock opened at $15.36 on Monday but the bulls could not build on the opening and the stock topped out at $15.48 for the day. The stock traded down to $14.93 during the day, due to lack of any buying support eventually closed down at $15.08 with a loss of -1.69% for the day. The stock had closed at $15.34 on the previous day. The total traded volume was 2,256,455 shares.

Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.

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