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Atlatsa Resources (ATL) in Focus: Stock Moves Up 12.6% - Tale of the Tape

Posted
12/17/2013 8:34:00 AM
By: Zacks.com
Referenced Stocks:ANDE;ATL;AXU;CLW

Atlatsa Resources Corporation ( ATL ) was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.45 to $0.52 in the past one-month time frame.

The company has seen one negative revision in the past 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's jump lasts.

Atlatsa Resources currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the basic materials sector include The Andersons, Inc. ( ANDE ), Alexco Resource Corp. ( AXU ) and Clearwater Paper Corp. ( CLW ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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