The stock of Millennial Lithium Corp (CVE:ML) reached all time high today, Sep, 13 and still has $4.77 target or 184.00% above today’s $1.68 share price. This indicates more upside for the $33.96 million company. This technical setup was reported by Barchart.com. If the $4.77 PT is reached, the company will be worth $62.49 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. 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.
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