The stock of Colorado Resources Ltd (CVE:CXO) is a huge mover today! The stock decreased 5.43% or $0.025 on September 13, hitting $0.435. About 204,968 shares traded hands. Colorado Resources Ltd (CVE:CXO) has risen 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months negative chart setup for the $34.09M company. It was reported on Sep, 14 by Barchart.com. We have $0.37 PT which if reached, will make CVE:CXO worth $4.77M less.
Colorado Resources Ltd. is an exploration-stage firm engaged in the acquisition, exploration and development of mineral properties. The company has a market cap of $34.09 million. The Company’s properties include North ROK property, Hit property, Heart Peaks property and KSP Property. It currently has negative earnings. The North ROK property has approximately 10 mineral tenures that covers over 5,190 hectares.
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