Pre-Market Analysis: Pan American Silver Corp., Silver Standard Resources Inc., Silvercorp Metals Inc., and Fortuna Silver Mines Inc. PR Newswire LONDON, October 17, 2013 LONDON, October 17, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. The U.S. equity market posted gains on Wednesday, October 16, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 1.38%, 1.36%, and 1.20%, respectively. Shares in the silver industry ended on a lower note, even as the broader market advanced. The major movers in the industry included Pan American Silver Corporation (NASDAQ: PAAS), Silver Standard Resources Inc. (NASDAQ: SSRI), Silvercorp Metals Inc. (NYSE: SVM), and Fortuna Silver Mines Inc. (NYSE: FSM). All these companies are tracked by AAAResearchReports.com. Free technical research on PAAS, SSRI, SVM, and FSM can be downloaded upon signing up at: http://www.aaaresearchreports.com/register/ Shares in Pan American Silver Corp. edged lower on Wednesday, reversing some of the gains from the previous trading session. The company's shares ended the day 0.98% lower at $10.07 after oscillating between $9.98 and $10.28. A total of 1.40 million shares were traded, which is below the daily average volume of 2.81 million. Despite Wednesday's losses, the company's stock is up 1.82% in the previous three trading sessions, compared to a gain of 1.08% in the S&P 500 during the same period. Moreover, Pan American Silver Corp.'s stock is trading near its 52-week low of $9.78 and below its 50-day and 200-day moving averages of $11.74 and $13.82, respectively. Sign up and read the complimentary report on PAAS at: http://www.AAAResearchReports.com/PAAS101713.pdf On Wednesday, Silver Standard Resources Inc.'s stock declined to close at $5.51, down 1.43% from the previous day's closing price of $5.59. The company's shares fluctuated between $5.40 and $5.70 during the trading session. A total of 0.97 million shares were traded, which is below the daily average volume of 1.72 million. Despite Wednesday's pullback, the company's shares are up 2.42% in the previous three trading sessions, outperforming the S&P 500 which has gained 1.08% during the same period. Furthermore, Silver Standard Resources Inc.'s stock is trading below its 50-day and 200-day moving averages of $7.36 and $8.65, respectively. The free report on SSRI can be downloaded by signing up now at: http://www.AAAResearchReports.com/SSRI101713.pdf Silvercorp Metals Inc.'s stock ended lower on Wednesday, reversing some of the gains from the previous trading session. The company's shares traded between $3.05 and $3.15 before finishing the day 1.28% lower at $3.09. A total of 0.83 million shares were traded, which is below the daily average volume of 1.18 million. Despite Wednesday's losses, the company's shares have gained 3.00% in the previous three trading sessions and 10.75% in the last three months, outperforming the S&P 500 which has advanced 1.08% and 2.70% during the respective periods. Additionally, Silvercorp Metals Inc.'s stock is trading below its 50-day and 200-day moving averages of $3.43 and $3.42, respectively. A free report on SVM can be accessed by registering at: http://www.AAAResearchReports.com/SVM101713.pdf On Wednesday, Fortuna Silver Mines Inc.'s stock fell by 3.59%, even as the broader market advanced. The company's shares closed the day at $3.22, after vacillating between $3.17 and $3.32. A total of 0.22 million shares were traded, which is below the daily average volume of 0.23 million. The company's shares have fallen by 4.73% in the previous three trading sessions, underperforming the S&P 500 which has gained 1.08% during the same period. Further, Fortuna Silver Mines Inc.'s stock is trading below its 50-day and 200-day moving averages of $3.89 and $3.73, respectively. Register with AAAResearchReports.com and download research on FSM for free at: http://www.AAAResearchReports.com/FSM101713.pdf EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE AAA Research Reports Contact: Phone #: + 1 (646) 396-9126 Contact Name: Peter F. Jones Email ID: firstname.lastname@example.org
Pre-Market Analysis: Pan American Silver Corp., Silver Standard Resources Inc., Silvercorp Metals Inc., and Fortuna Silver Mines
Press spacebar to pause and continue. Press esc to stop.