The stock of Millennial Lithium Corp (CVE:ML) hit a new 52-week high and has $4.84 target or 188.00% above today’s $1.68 share price. The 9 months bullish chart indicates low risk for the $33.96M company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $4.84 price target is reached, the company will be worth $63.84M 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 120,829 shares traded hands. Millennial Lithium Corp (CVE:ML) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Millennial Lithium Corp., formerly Redhill Resources Corp., is a Canada company, which is engaged in acquiring, exploring and developing various gas and oil resource properties. The company has a market cap of $33.96 million. The Firm focuses on Montney Leases, which covers approximately 2,050 hectares in North Western Alberta. It currently has negative earnings.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.