Silver Standard Resources (SSRI) : Mondays money flow data in Silver Standard Resources (SSRI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $6.94 million, whereas, $4.09 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.7, in favor of the bulls. The total money flow into the stock was $2.85 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.68 million. The total value of block trades done on upticks was $4.46 million. The value of bearish trades on downticks was only $1.78 million.The up/down ratio in the block trades was a healthy 2.5 in favor of the bulls, suggesting strong buying in the stock by large traders. Silver Standard Resources (SSRI) fell $0.02 and traded at $14.22, down -0.14% for the day, over previous days close. On a weekly basis, the shares are -2.47% over the previous weeks close.
Silver Standard Resources Inc. is up 95.9% in the last 3-month period. Year-to-Date the stock performance stands at 176.45%. Silver Standard Resources Inc. has dropped 3.7% in the last five trading days, however, the shares have posted positive gains of 27.29% in the last 4 weeks.
Silver Standard Resources (NASDAQ:SSRI): stock turned positive on Monday. Though the stock opened at $14.2, the bulls momentum made the stock top out at $14.39 level for the day. The stock recorded a low of $14.07 and closed the trading day at $14.32, in the green by 0.56%. The total traded volume for the day was 1,746,827. The stock had closed at $14.24 in the previous days trading.
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.