This market has been taking no prisoners. EQX being a thinly traded stock is getting some unfair treatment, but it looks like the selling is overdone. Against its peers like SDL it is now cheap cheap, even though SDL itself has come down a lot. Expect when the bumper results come out, that the Euro buyers will organise a major upwards assault on the stockprice, which will see some quick moves. Hopefully this will coincide with some seller exhaustion in the overall market. It is due, as the divergences we are seeing don't really make a lot of sense. EQX was due for a pull-back and consolidation. Maybe even a double bottom. What we know is EQX is tightly held, supported by quality instos.,is undevalued, and has huge upside based on results from its target resource. It's a risky sell right now.
EQX Price at posting:
$2.30 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)