Could Astorius Resources Ltd. Lose its Strength? The Stock Reaches 52-Week High


The stock of Astorius Resources Ltd. (CVE:ASQ) hit a new 52-week high and has $0.56 target or 85.00% above today’s $0.30 share price. The 7 months bullish chart indicates low risk for the $6.99M company. The 1-year high was reported on Sep, 13 by If the $0.56 price target is reached, the company will be worth $5.94M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 170,000 shares traded hands or 128.49% up from the average. Astorius Resources Ltd. (CVE:ASQ) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.

Astorius Resources Ltd. is a Canada exploration-stage resource company. The company has a market cap of $6.99 million. The Company’s principal business activity is the sourcing and exploration of mineral properties in North America, and is engaged in the process of evaluating its mineral properties. It currently has negative earnings. The Firm operates in the segment of acquisition, exploration and development of mineral properties.

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