Today, VMS Ventures Inc. (CVE:VMS), (PINK:VMSTF) stock entered the market with a 1.61% turn back, reflecting investors’ uncertainty towards the shares’ upward direction.VMS Ventures Inc. (CVE:VMS) stock closed the week at the TSX Venture Exchange with too many Dojis.
The lack of fresh news related to the company’s property, or to results about gold and copper mineralization at the company’s sites, stopped VMS upward direction at a neutral point.
More than two weeks ago, VMS released an update on Reed Lake drilling, on the company’s plans for Sails Lake – Morton Lake and on the copper project. The news immediately resulted in a VMS stock rush.
Though the announced delays in the July summer exploration programs at VMS’ Snow Lake properties, certain investors with a strong belief in the company’s future shot VMS stock to the skies. From the date of the last update up to Friday, VMS rose 22%.
Last Wednesday, VMS shares saw their last positive price change. Since then, following a decrease in the volume traded, a slight pull back and the second for the week Doji were drawn on Friday.[BANNER]
Dojis usually are drawn when a security’s open and close are virtually equal. Dojis are neutral patterns, that show pretty often the uncertainty of investors towards the change of a stock price direction.
At the American market, VMSTF closed the week with a 2.51% pull back, resulting from the share price decrease during the last three consecutive trading sessions.
For the above mentioned period of time since the last company’s news, VMSTF added 17% to its value.
