Pretium Resources (PVG) : Traders are bullish on Pretium Resources (PVG) as it has outperformed the S&P 500 by a wide margin of 1.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.67%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.73% in the last 1 week, and is up 2.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.95% and the 50-Day Moving Average is 10.89%. Pretium Resources (NYSE:PVG): stock turned positive on Friday. Though the stock opened at $11.9, the bulls momentum made the stock top out at $12.0158 level for the day. The stock recorded a low of $11.66 and closed the trading day at $11.77, in the green by 0.77%. The total traded volume for the day was 986,222. The stock had closed at $11.68 in the previous days trading.
Institutional Investors own 37.11% of Pretium Resources shares.
Pretium Resources Inc. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. The Companys wholly owned projects include Brucejack Project and the Snowfield Project. The Companys only material mineral project for the purposes of NI 43-101 is the Brucejack Project. The Companys Brucejack Project is an advanced-stage exploration project located in north-western British Columbia and consists of 11 mineral claims totaling 3,199.28 hectares in area. The Companys Snowfield Project borders the Brucejack Project to the north and consists of one mineral claim with an area of approximately 1,267.43 hectares. The Company has two wholly owned subsidiaries, Pretium Exploration Inc. and 0890696 B.C. Ltd, which hold the Companys interests in the Brucejack Project and the assets related thereto.