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McChip Resources drops to ten-month low on spectacular volume February 03, 2017 17:00 EST

Feb 03, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

McChip Resources Inc. (TSXV:MCS) traded at its 296-day low of 44.0c. The stock price has dropped 1.50c (3.3%) from its last trading session of February 01 to close at 44.0c. Compared with the S&P/TSX 60 Index which rose 4.9 points (0.5%) in the day, the relative price change was -3.8%. The fall was exacerbated by spectacular volume of 28.7 times the average daily volume of 244 shares.

SECTION 1

MCCHIP RESOURCES BEARISH SIGNALS

1.1 Fundamentals...