Trade-Ideas LLC identified

Silver Standard Resources

(

SSRI

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Silver Standard Resources as such a stock due to the following factors:

  • SSRI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.2 million.
  • SSRI has traded 399,694 shares today.
  • SSRI is trading at 2.97 times the normal volume for the stock at this time of day.
  • SSRI is trading at a new high 6.05% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on SSRI:

Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas. The company primarily explores for gold, silver, zinc, and lead deposits. Currently there is 1 analyst that rates Silver Standard Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Silver Standard Resources has been 1.8 million shares per day over the past 30 days. Silver Standard has a market cap of $455.1 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.02 and a short float of 1.4% with 3.91 days to cover. Shares are up 11.8% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Silver Standard Resources as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:

  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Metals & Mining industry and the overall market, SILVER STANDARD RES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $20.55 million or 67.77% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Despite the weak revenue results, SSRI has outperformed against the industry average of 38.1%. Since the same quarter one year prior, revenues fell by 26.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • SILVER STANDARD RES INC has improved earnings per share by 22.4% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, SILVER STANDARD RES INC continued to lose money by earning -$1.55 versus -$1.57 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Metals & Mining industry. The net income increased by 22.6% when compared to the same quarter one year prior, going from -$86.22 million to -$66.72 million.

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