MI3 Market Alert: Looking for a good Silver producer?
Mario Drolet President of MI3 Communications Financières Inc. (MI3) released a technical note at market open today on Endeavour Silver Corp. (NYSE: EXK | TSX: EDR) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Endeavour Silver Corp.
- Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates four high-grade silver-gold mines located in Mexico; Forecasting 2019 production of 7.4 – 8.2 million oz AgEq
- Strong Balance Sheet with $46.8M working capital and no debt
- W Formation… Strong upward move since June 15 from $2.30 to $3.20
- EDR traded over 34 Million shares since June 15 between $2.30 and $3.84
- Support: S2; $3.20 S1; $3.38 Resistance: R1; $3.50 R2; $3.80
About Endeavour Silver
Endeavour Silver Corp. is a mid-tier precious metals mining company that owns and operates four high-grade, underground, silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision and exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. The Company’s philosophy of corporate social integrity creates value for all stakeholders.
PLEASE DO YOUR DUE DILIGENCE
Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this note.
Mario has over 25 years in financial market and he is passionate about Finance. He worked on the floor of the Montreal Exchange on his ... <Read more about Mario Drolet>