The stock of Pioneering Technology Corp (CVE:PTE) hit a new 52-week high and has $1.04 target or 49.00% above today’s $0.70 share price. The 8 months bullish chart indicates low risk for the $29.81 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $1.04 price target is reached, the company will be worth $14.61M 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 635,017 shares traded hands or 370.93% up from the average. Pioneering Technology Corp (CVE:PTE) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More news for Pioneering Technology Corp (CVE:PTE) were recently published by: Globenewswire.com, which released: “FEMA Study Reports Pioneering Technology Corp’s Safe-T-Element the ONLY …” on January 13, 2015. Marketwired.com‘s article titled: “Pioneering Technology Reports Q2 2016 Financial Results” and published on May 31, 2016 is yet another important article.
Pioneering Technology Corporation is an energy smart technology and consumer goods company. The company has a market cap of $29.81 million. The Firm is engaged in the development and commercialization of new technologies. It has a 54.26 P/E ratio. It offers cooking fire prevention technologies.
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