Market Flash

Bitesize analysis of stocks, indices, commodities, and forex delivered more frequently through the trading day.

Amerisur Resources finds further chart support – will it hold? (AMER)

Amerisur Resources (LSE:AMER) has seen its stock price tumble since it announced disappointing news regarding the N-sands at its Pintadillo-1 well. The price subsequently dipped below a long-term Falling Wedge pattern which I anticipated could provide the basis for a potential trend reversal for Amerisur. The stock has since hit new lows of 11.08p with a…

Avesoro share price continues to recover with positive drilling results (ASO)

Avesoro Resources (LSE:ASO) released an exploration update today including reporting positive drilling results from Ouaré. The company also announced the discovery of two mineralized vein systems around 1.5km east of their Youga Gold Mine processing plant. The share price was up 3% to 188p today on the news, having been beaten down since hitting highs of…