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Thursday, April 5, 2012
Surprising Price Movement Encountered In Shares Of (TSE: GBU.TO)
Gabriel Resources Ltd. (TSE: GBU): fell by 15.40% or $-0.71/share to $3.90. In the past year, the shares have traded as low as $4.45 and as high as $8.65. On average, 459830 shares of GBU.TO exchange hands on a given day and today's volume is recorded at 872840. 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 $5.54 area but be careful because the stock may face selling pressure at this level.
