Banro (BAA) Crumbles: Stock Falls 7.5% - Tale of the Tape
March 20 2014 - 9:00AM
Zacks
Banro Corporation (BAA) saw a
big move last session, as the company’s shares fell nearly 8% on
the day. The move came on pretty good volume too with far more
shares changing hands than in a normal session. This breaks the
recent trend of the company, as the stock is now trading below the
volatile price range of $0.58 to $0.73 in the past one-month time
frame.
This gold mining company has seen a flat track record when it comes
to current year estimate revisions over the past few weeks, and the
consensus for earnings hasn’t been in a trend either. This recent
price action is discouraging, so make sure to keep a close watch on
this firm in the near future, and especially on earnings estimates
following the recent slump.
BAA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is
0.00%.
Some better-ranked stocks in the same sector include
AngloGold Ashanti Ltd. (AU), NovaGold
Resources Inc. (NG) and Richmont Mines
Inc. (RIC). While AngloGold sports a Zacks Rank #1 (Strong
Buy), NovaGold and Richmont hold a Zacks Rank #2 (Buy).
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BANRO CORP (BAA): Free Stock Analysis Report
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