Large Inflow of Money Witnessed in Great Panther Silver Limited

Great Panther Silver Limited (GPL) : On Thursday, The money flowed into the Great Panther Silver Limited (GPL) stock with an uptick to downtick ratio was recorded at 1.45. Transactions worth $1.09 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.75 million. The total money flow into the stock was $0.34 million. The block trades reveal a bullish bias with an up-down ratio of 1.92. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.34 million of block transactions on upticks. The value of block trades on downticks was $0.18 million, indicating lower selling interest. The total money flow in block trades was $0.16 million. In terms of price action, Great Panther Silver Limited (GPL) traded down $0.3 during the session at $1.56. Compared to the previous days closing, the stock was down only by -16.13%. For the week, the stock is -9.3%, over previous weeks closing.


The stock has recorded a 20-day Moving Average of 6.27% and the 50-Day Moving Average is 7.33%.

Great Panther Silver Limited (NYSEMKT:GPL): The stock opened at $1.64 on Thursday but the bulls could not build on the opening and the stock topped out at $1.65 for the day. The stock traded down to $1.50 during the day, due to lack of any buying support eventually closed down at $1.54 with a loss of -17.20% for the day. The stock had closed at $1.86 on the previous day. The total traded volume was 11,840,507 shares.

Great Panther Silver Limited is a primary silver mining and exploration company. Great Panthers activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine, and the Topia Mine in Durango. The Company holds a two-year option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and holds an option to acquire a 100% interest in the advanced stage Guadalupe de los Reyes Project in Sinaloa, Mexico.

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