(APGO) Apollo Silver - Ratings and Ratios

Apollo Silver Corp is a Canadian mining company focused on exploring and developing silver properties in the United States, with a portfolio of projects in California and Arizona. The companys flagship assets include the Waterloo and Langtry properties in Californias Mojave Desert, as well as the Arizona Silver District project in southwestern Arizona.

The Waterloo property, comprising 27 fee simple land parcels and 21 unpatented lode mining claims, covers a total area of approximately 1,768 acres, while the Langtry property, consisting of 20 patented claims and 38 unpatented lode mining claims, spans around 1,178 acres. The Arizona Silver District project, meanwhile, encompasses three patented claims, 85 unpatented lode mining claims, 23 unpatented mill sites, and a state exploration lease covering roughly 2,000 acres.

With a strong presence in the US silver mining sector, Apollo Silver Corp has positioned itself for potential growth, leveraging its extensive land holdings and exploration opportunities to drive future development. As a relatively established player in the industry, having been incorporated in 1999, the company has undergone significant transformations, including a name change from Apollo Gold & Silver Corp to Apollo Silver Corp in September 2021.

Analyzing the and , we can infer that Apollo Silver Corps stock has shown stability, with its last price being $0.33, closely aligned with its 20-day and 50-day simple moving averages. The stocks 200-day SMA of $0.26 indicates a longer-term uptrend. Furthermore, the Average True Range (ATR) of $0.03, representing 8.51% of the last price, suggests moderate volatility. Considering the companys market capitalization of $78.71M CAD and negative P/E ratio, we can forecast that the stock may experience a short-term correction, potentially testing the 52-week low of $0.14. However, if the company can demonstrate progress in its exploration and development activities, the stock may be poised for a rebound, targeting the 52-week high of $0.38. A potential price target could be $0.45, representing a 36% increase from the current price, driven by successful project development and favorable market conditions.