The stock of Macro Enterprises Inc. (CVE:MCR) is a huge mover today! The stock last traded at $1.37 per share. It is up 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 6 months positive chart setup for the $39.53M company. It was reported on Sep, 13 by Barchart.com. We have $3.03 PT which if reached, will make CVE:MCR worth $47.83 million more.
Macro Enterprises Inc. is engaged in providing pipeline and facilities construction and pipeline repair services to companies in the gas and oil industry in western Canada. The company has a market cap of $39.53 million. The Firm performs a range of activities, including clearing and grading of the right-of-way, welding of the pipe to form a continuous pipeline, creating a ditch in which to bury the pipe and backfilling the ditch, among others. It currently has negative earnings. Pipeline repair is divided in two categories, emergency and planned work.
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