Large Inflow of Money Detected in Endeavour Silver Corporation

Endeavour Silver Corporation (EXK) : The money flow analysis of Endeavour Silver Corporation (EXK) indicates a $0.09 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $0.43 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 4.62 and so was the total money flow at $0.34 million. The bulls lapped up $0.26 million worth of block trades on upticks. The money flow was $0.26 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Endeavour Silver Corporation (EXK), pushing it down by -3.67% for the day. The stock slid $0.18 and traded at $4.72 during the day. Nonetheless, the stock is 0.43% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 20.08% and the 50-Day Moving Average is 31%. Shares have rallied 170.27% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $5.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.71 and the 200 Day Moving Average price is recorded at $2.68.

Endeavour Silver Corporation (NYSE:EXK): The stock was completely flat for the day, closing at $4.90 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $4.68, the stock touched an intraday high of $4.90 and a low of $4.63. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.90. The total trading volume on Thursday was 2,296,207.

Endeavour Silver Corp. (Endeavour) is a Canada-based mining company. The Company is engaged in silver mining in Mexico and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is also engaged in exploration activities in Chile. Its producing mines include Guanacevi Mine, which is located 260 kilometers northwest of the city of Durango, Mexico; Bolanitos Mine, which is located 10 kilometers northwest of the city of Guanajuato, Mexico, and El Cubo Mine, which is located six kilometers southeast of the city of Guanajuato. Its exploration projects include Guadalupe y Calvo, an advanced silver-gold exploration project; Parral Mine, which is located around 210 kilometers south of the city of Chihuahua, Mexico; Terronera, a project is located 40 kilometers northeast of Puerto Vallarta in the state of Jalisco, Mexico, and Lourdes, an early-stage exploration silver and gold property.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.