Cencotech Inc Has Another Very Weak Trading Session


The stock of Cencotech Inc (CVE:CTZ) is a huge mover today! The stock decreased 5.19% or $0.02 on September 13, hitting $0.365. About 108,000 shares traded hands or 145.98% up from the average. Cencotech Inc (CVE:CTZ) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months negative chart setup for the $10.09 million company. It was reported on Sep, 13 by Barchart.com. We have $0.32 PT which if reached, will make CVE:CTZ worth $1.31M less.

Cencotech Inc. is a Canada-based company engaged in the business of development and production of currency inventory management and control systems. The company has a market cap of $10.09 million. The Company’s product currency controller, CC-32, is a 32-bit, Java iteration of the Currency Controller. It has a 12.57 P/E ratio. The Company’s subsidiary, NamSys Inc., offers individual components of the Currency Controller system, as well as for the complete system.

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