Should You Buy SSR Mining Inc (SSRM) Stock After it Has Gained 15.14% in a Week?

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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SSRM Stock Today?

SSR Mining Inc (SSRM) stock has gained 4.04% while the S&P 500 is lower by -0.39% as of 1:41 PM on Monday, Apr 1. SSRM is up $0.18 from the previous closing price of $4.46 on volume of 2,575,825 shares. Over the past year the S&P 500 is higher by 26.90% while SSRM is lower by -69.83%. SSRM lost -$0.48 per share in the over the last 12 months.

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.