Silvermex Resources Inc. (SLX)

LATEST ARTICLES

Silvermex Resources Inc (TSE:SLX) (PINK:GGCRF) Fails To Break The Downtrend July 28, 2011

Silvermex Resources Inc ( TSE:SLX ) (PINK:GGCRF) share price seems to be sticking with the downtrend despite showing some promising price action on Tuesday this week. SLX tanked 7.9% on the Toronto Stock Exchange yesterday under a trading volume of over 1.6 million, which was significantly above the average 671 thousand. The stock price corrected down after it had initially broken outside of the established downtrend this Tuesday. Silvermex had no recent news, which is a factor...read more

Silvermex Resources Inc (TSE:SLX) (PINK:GGCRF) Losses Momentum April 25, 2011

Silvermex Resources Inc ( TSE:SLX ) (PINK:GGCRF) started the trading week with a modest decline following the share price gains induced by the company's expectation to retain production rates constant in the first two quarters of 2011. Share price ended up with a gain of 4% from the last couple trading sessions, generating somewhat higher than average trading volume. The news on stable production guidance usually shouldn't bring out a buying wave, but considering the difficult situation...read more

Is $1 PPS Too Much for Silvermex Resources Inc. (TSE:SLX) (PINK:GGCRF)? February 23, 2011

Silvermex Resources Inc. ( TSE:SLX ) (PINK:GGCRF) share price touched the resistance at $1, but closed below the major trendline, making a precedent for a trend reversal. Trading volume was 2.5 times the 90-day average, but it was not enough to cover a push through the area where many traders are selling in anticipation of reversal. A similar example of reversal was set in December, when the price took a dive after hitting $1.06. Of course, the stock is following the general...read more

Genco Resources Ltd. (TSE:SLX) (PINK:GGCRF) Short Term Uptrend Reverses February 10, 2011

Genco Resources Ltd. ( TSE:SLX ) (PINK:GGCRF) started to roll back down after another run-up attempt. With no recent news it might very well end up forming a double top pattern and crash down. The share price has been rallying up since the company started exploitation of the La Guitarra property. They claim to be in a strong financial position, able to retain considerable revenue growth rates in 2011. Genco entered 2011 with over $26 million in cash. At the current cash burn rate, this...read more

Genco Resources Ltd (TSE:SLX) (PINK:GGCRF) Stock Price At Breaking Point January 17, 2011

Genco Resources Ltd ( TSE:SLX ) (PINK:GGCRF) retraced back to the 80 cents zone, and is now staggering at an important support level. Breaking further down may result in heavy percent losses for the stock, but it might as well bounce back up following the prevailing uptrend. 50 day moving average, that's been working as a support, has been breached as well as the general uptrend, but a sell-off hasn't happened yet, so there's a change of SLX bouncing back up. Trading volume faded with the...read more