Is Luxor Industrial Corporation a Sell? The Stock Declines Again


The stock of Luxor Industrial Corporation (CVE:LRL) is a huge mover today! The stock decreased 6.94% or $0.025 on September 13, hitting $0.335. About 41,250 shares traded hands. Luxor Industrial Corporation (CVE:LRL) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 7 months negative chart setup for the $15.55 million company. It was reported on Sep, 13 by We have $0.29 PT which if reached, will make CVE:LRL worth $2.02 million less.

Luxor Industrial Corporation is a Canada firm involved in the development, engineering, manufacturing and marketing of engineered wood products. The company has a market cap of $15.55 million. The Firm operates in over three areas of activity. It has a 59.61 P/E ratio. In the industrial sector, the Company makes wood mat products for various applications, including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways, and gas and oil and mining operations.

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