What’s Ahead for EEStor Corporation After Reaching 52-Week High?


The stock of EEStor Corporation (CVE:ESU) hit a new 52-week high and has $1.34 target or 163.00% above today’s $0.51 share price. The 7 months bullish chart indicates low risk for the $48.95M company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $1.34 price target is reached, the company will be worth $79.79M 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 43,653 shares traded hands. EEStor Corporation (CVE:ESU) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.

EEStor Corporation, formerly ZENN Motor Company Inc., is a well-known provider of electrical energy storage and related capacitor technologies. The company has a market cap of $48.95 million. The Firm holds equity and voting interest, and certain technology rights to a solid-state capacitor and related energy storage technologies under development by the EEStor, Inc. . It currently has negative earnings. The Firm is focused on licensing and partnership opportunities across a spectrum of industries and applications.

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