Hempco Food and Fiber Inc’s Stock Is Buy After Reaching 52-Week High

 Hempco Food and Fiber Inc's Stock Is Buy After Reaching 52 Week High

The stock of Hempco Food and Fiber Inc (CVE:HFF) hit a new 52-week high and has $1.61 target or 109.00% above today’s $0.77 share price. The 5 months bullish chart indicates low risk for the $33.27 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $1.61 price target is reached, the company will be worth $36.26 million 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 244,488 shares traded hands or 254.81% up from the average. Hempco Food and Fiber Inc (CVE:HFF) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.

Another recent and important Hempco Food and Fiber Inc (CVE:HFF) news was published by Businesswire.com which published an article titled: “Global Hemp-Based Foods Market to Post a CAGR of Over 20% Through 2020, Says …” on September 08, 2016.

Hempco Food and Fiber Inc., formerly Genview Capital Corp., is a Canada company, which provides hemp seed foods for humans and animals. The company has a market cap of $33.27 million. The Firm is engaged in hemp seed food research and development, manufacturing, distribution and marketing. It currently has negative earnings. The Company’s products include Hemp Protein Powder, Hemp Seed Oil and Hulled Hemp Seed Nut.

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