The stock of Inca One Gold Corp (CVE:IO) hit a new 52-week high and has $0.87 target or 107.00% above today’s $0.42 share price. The 6 months bullish chart indicates low risk for the $17.77 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $0.87 price target is reached, the company will be worth $19.01M 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 1.79M shares traded hands or 4082.15% up from the average. Inca One Gold Corp (CVE:IO) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More notable recent Inca One Gold Corp (CVE:IO) news were published by: Prnewswire.com which released: “Inca One Gold Corp. pours gold from new smelter facility at Chala One” on October 17, 2016, also Prnewswire.com with their article: “Inca One Gold Corp. Receives Final Refund Cheque from Peruvian IGV/VAT Audit …” published on October 13, 2016, Prnewswire.com published: “Inca One Gold Corp. Closes Oversubscribed Private Placement” on October 03, 2016. More interesting news about Inca One Gold Corp (CVE:IO) were released by: Reuters.com and their article: “BRIEF-Inca One Gold Corp closes oversubscribed private placement” published on October 03, 2016 as well as Marketwatch.com‘s news article titled: “Inca One Gold Corp. announces appointment of Bruce Bragagnolo as Chairman and …” with publication date: August 31, 2016.
Inca One Gold Corp. is a mineral resource company. The company has a market cap of $17.77 million. The Firm is engaged in business of developing toll milling activities in Peru. It currently has negative earnings. The Firm is a mineral processing company, which has a gold milling facility in Peru, servicing government-permitted small-scale miners.
IO Company Profile
ION Geophysical Corporation, incorporated on August 13, 2007, is a technology focused firm that provides geophysical technology, services and solutions to the global gas and oil industry. The Firm offers services and products through four divisions: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s offerings are designed to allow gas and oil exploration and production (E&P) companies to obtain resolution images of the earth subsurface during exploration, exploitation and production operations. The Firm is engaged in providing seismic data acquisition technology, such as multicomponent imaging with VectorSeis products, the ability to record seismic data from basins that underlie ice fields in Polar Regions and cableless seismic techniques. It also offers technologies, including Orca and Gator command and control software systems, WiBand broadband data processing technology, Calypso OBS acquisition system, Narwhal (software system) for ice management, and other technologies.
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