New Pacific Metals Corp (AMEX:NEWP) shares, rose in value on Wednesday, June 18, with the stock price down by -6.08% to the previous day’s close as strong demand from buyers drove the stock to $1.39.
Actively observing the price movement in the last trading, the stock closed the session at $1.48. Referring to stock’s 52-week performance, its high was $2.05, and the low was $0.93. On the whole, NEWP has fluctuated by 17.80% over the past month.
With the market capitalization of New Pacific Metals Corp currently standing at about $238.38 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEWP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NEWP currently trading nearly -4.81% and 8.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.48, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 5.28%. Furthermore, New Pacific Metals Corp (NEWP)’s beta value is 0.89, and its average true range (ATR) is 0.08.
A comparison of New Pacific Metals Corp (NEWP) with its peers suggests the former has fared considerably weaker in the market. NEWP showed an intraday change of -6.08% in last session, and over the past year, it shrunk by -17.75%%.
Data on historical trading for New Pacific Metals Corp (AMEX:NEWP) indicates that the trading volumes over the past 3 months, they’ve averaged 283.29K. According to company’s latest data on outstanding shares, there are 171.78 million shares outstanding.
Nearly 47.22% of New Pacific Metals Corp’s shares belong to company insiders and institutional investors own 15.98% of the company’s shares. The stock has risen by 17.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEWP stock heading into the next quarter.
