viewAtalaya Mining

Atalaya Mining shares can jump to 160-170p in early 2017

Atalaya Mining Plc (LON:ATYM) shares could jump to trade around 160p to 170p by the end of the first quarter if not before, so says technical analyst Zak Mir.
He says the recent rally, a 40% rise since the start of November, has been driven by the rise in copper prices amid Donald Trump’s election.
“If you look at the copper price chart it looks very similar,” Mir said in a Tip TV segment for Proactive Investors.
Mir notes a number of technical signals in the chart and highlights that the price has moved above prior resistance around 110p. 
“While we hold above 110p I am looking for a big target here, as high as 160-170p over the next few months,” he added.

Quick facts: Atalaya Mining

Price: 192.5 GBX

Market: AIM
Market Cap: £264.38 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Bulls Bears & Brokers: Martin Place Securities Barry Dawes on market highs...

Martin Place Securities executive chairman Barry Dawes speaks to Proactive about the highs and lows of the markets, and takes us through his bulls and bears outlook. Dawes says there are record highs in equity markets, bond markets are turning down again, currencies are showing trendless...

5 hours, 6 minutes ago

2 min read