The stock of Comet Industries Ltd (CVE:CMU) reached all time high today, Sep, 13 and still has $4.07 target or 48.00% above today’s $2.75 share price. This indicates more upside for the $12.13 million company. This technical setup was reported by Barchart.com. If the $4.07 PT is reached, the company will be worth $5.82 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 25,500 shares traded hands or 10659.49% up from the average. Comet Industries Ltd (CVE:CMU) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Comet Industries Ltd. is an exploration-stage company. The company has a market cap of $12.13 million. The Firm is engaged in the business of acquiring, holding mineral properties, and holding and managing real properties, all in British Columbia. It has a 68.75 P/E ratio. The Company’s divisions include rental, exploration and general/administration.
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