The stock of Falco Resources Ltd (CVE:FPC) hit a new 52-week high and has $2.49 target or 86.00% above today’s $1.34 share price. The 8 months bullish chart indicates low risk for the $158.46M company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $2.49 price target is reached, the company will be worth $136.28M 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. The stock last traded at $1.34 per share. It is up 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Falco Resources Ltd, formerly Falco Pacific Resource Group Inc, is a Canada exploration-stage company. The company has a market cap of $158.46 million. The Firm is engaged in the business of acquiring and exploring mineral properties in Canada. It currently has negative earnings. The Firm focuses on the exploration and evaluation of its mineral properties in the Rouyn-Noranda district in the Province of Quebec.
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