Palladium prices reached an eleven-month high as potential sanctions against Russia, who provides approximately 40.0 percent of the global supply, has raised supply concerns. Palladium prices touched $779.50 per ounce, which was the highest seen since the beginning of April 2013."If sanctions are pursued this [price move] would likely be a sustainable gain and prices are likely to trend toward the $1,000 mark," said Gautam Batra, an investment strategist at Signia Wealth.
GMK Noril'skiy nikel' OAO (OTCMKTS: NILSY) shares traded in the range of $16.81 to $16.96 Wednesday before settling to close at $16.82, an increase of 1.69 percent. The stock appears to be facing some resistance at $16.95 with some support at the $16.79 and $16.58 levels. Shares of GMK have gained approximately 1.0 percent year-to-date.
More information on GMK and access to the free equity report can be found at: www.WallStreetFundamentals.com/NILSY
North American Palladium Ltd. (NYSEMKT: PAL)(TSX: PDL) shares traded in the range of $0.46 to $0.56 Wednesday before settling to close at $0.472, a decrease of 7.45 percent. The stock appears to be facing some resistance at the $0.48 and $0.56 levels with some support at $0.40 and $0.34. Shares of North American Palladium have fallen approximately 27.0 percent year-to-date.
More information on North American Palladium and access to the free equity report can be found at: www.WallStreetFundamentals.com/PAL
Platinum Group Metals Limited (NYSEMKT: PLG) shares traded in the range of $1.15 to $1.23 Wednesday before settling to close at $1.23, an increase of 6.96 percent. The stock appears to be facing some resistance at the $1.24and $1.26 levels with some support at $1.22 and $1.20. Shares of Platinum Group Metals have gained approximately 5.0 percent year-to-date.
More information on Platinum Group Metals and access to the free equity report can be found at: www.WallStreetFundamentals.com/PLG
Stillwater Mining Company (NYSE: SWC) shares traded in the range of $13.97 to $14.40 Wednesday before settling to close at $14.32, an increase of 3.99 percent. The stock appears to have some support at the $13.83, $13.73 and $13.03 levels. Shares of Stillwater Mining have gained approximately 16.0 percent year-to-date.
More information on Stillwater Mining and access to the free equity report can be found at: www.WallStreetFundamentals.com/SWC
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:Wall Street FundamentalsWebsite: www.WallStreetFundamentals.comEmail: [email protected]