Nevsun Resources Ltd. (TSE: NSU): traded higher by 9.32% or $0.3/share to $3.52. In the past year, the shares have traded as low as $3.13 and as high as $7.22. On average, 631831 shares of NSU.TO exchange hands on a given day and today's volume is recorded at 238108. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.09 area but be careful because the stock may face selling pressure at this level.
Niko Resources Ltd. (TSE: NKO): traded higher by 8.51% or $2.97/share to $37.87. In the past year, the shares have traded as low as $34.48 and as high as $94.12. On average, 139511 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 402307. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $44.94 area but be careful because the stock may face selling pressure at this level.
China Gold International Resources Corp. Ltd. (TSE: CGG): traded higher by 6.24% or $0.28/share to $4.77. In the past year, the shares have traded as low as $1.91 and as high as $5.63. On average, 334630 shares of CGG.TO exchange hands on a given day and today's volume is recorded at 327903. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $3.87 area where the stock will likely see buying pressure.
Silver Wheaton Corp. (TSE: SLW): traded higher by 6.04% or $1.93/share to $33.91. In the past year, the shares have traded as low as $27.51 and as high as $45.50. On average, 1312040 shares of SLW.TO exchange hands on a given day and today's volume is recorded at 742008. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $34.08 area where the stock may encounter resistance.
OceanaGold Corporation (TSE: OGC): traded higher by 5.71% or $0.14/share to $2.59. In the past year, the shares have traded as low as $1.78 and as high as $3.07. On average, 288711 shares of OGC.TO exchange hands on a given day and today's volume is recorded at 174855. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $2.52 area where the stock will likely see buying pressure.
