Niko Resources Ltd. (TSE: NKO): fell by 15.58% or $-6.39/share to $34.62. In the past year, the shares have traded as low as $39.00 and as high as $94.12. On average, 125113 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 450443. 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 $45.34 area but be careful because the stock may face selling pressure at this level.
