The stock of Neo Lithium Corp (CVE:NLC) hit a new 52-week low and has $1.04 target or 14.00% below today’s $1.21 share price. The 8 months bearish chart indicates high risk for the $78.21 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $1.04 price target is reached, the company will be worth $10.95M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.09 million shares traded hands or 321.02% up from the average. Neo Lithium Corp (CVE:NLC) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More notable recent Neo Lithium Corp (CVE:NLC) news were published by: Marketwired.com which released: “Neo Lithium Corp. Announces Completion of Qualifying Transaction and …” on July 19, 2016, also Business.Financialpost.com with their article: “As lithium market booms, explorer Neo Lithium Corp eyes Toronto listing” published on July 04, 2016, Marketwatch.com published: “POCML 3 Inc. Enters Into Binding Definitive Agreement With Neo Lithium Corp …” on April 08, 2016. More interesting news about Neo Lithium Corp (CVE:NLC) were released by: Marketwired.com and their article: “Neo Lithium Wins Prestigious Award” published on September 28, 2016 as well as Marketwired.com‘s news article titled: “POCML 3 and Neo Lithium Announce Completion of $11450000 Financing” with publication date: May 12, 2016.
Neo Lithium Corp is a Canada-based company that holds mineral and surface rights over a discovered lithium salar and brine-reservoir complex in Argentina containing a lithium-rich brine reservoir. The company has a market cap of $78.21 million. The Company’s property is located approximately 250 kilometers to a deep water port in Chile. It currently has negative earnings.
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