The stock of Cluff Natural Resources PLC (LON:CLNR) hit a new 52-week high and has GBX 10.20 target or 104.00% above today’s GBX 5.00 share price. The 7 months bullish chart indicates low risk for the GBX 12.92M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 10.20 price target is reached, the company will be worth GBX 13.44M 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 decreased 14.89% or GBX 0.88 on September 13, hitting GBX 5. About 49.55M shares traded hands or 1695.29% up from the average. Cluff Natural Resources PLC (LON:CLNR) has risen 135.29% since February 11, 2016 and is uptrending. It has outperformed by 118.81% the S&P500.
Cluff Natural Resources Plc is engaged in the exploration, evaluation and development of mineral exploration targets. The company has a market cap of 12.92 million GBP. The Firm focuses on the development of its gas licenses in the Southern North Sea. It currently has negative earnings. The Firm has working interest in approximately nine underground coal gasification licenses in the United Kingdom covering a total of approximately 640 square kilometers.
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