Do Traders Think SSR Mining Inc (SSRM) Can Keep Climbing Thursday?

The market has been high on SSR Mining Inc (SSRM) stock recently. SSRM gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

SSR Mining Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SSRM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SSRM Stock Today?

SSR Mining Inc (SSRM) stock is trading at $16.33 as of 10:42 AM on Thursday, Jul 29, a rise of $0.39, or 2.45% from the previous closing price of $15.94. The stock has traded between $16.14 and $16.48 so far today. Volume today is less active than usual. So far 389,958 shares have traded compared to average volume of 1,473,032 shares. To see InvestorsObserver's Sentiment Score for SSR Mining Inc click here.

More About SSR Mining Inc

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Pirquitas mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Pirquitas mine. Click Here to get the full Stock Report for SSR Mining Inc stock.