The stock of Rouge Resource Ltd (CVE:F) reached all time low today, Oct, 18 and still has $0.50 target or 11.00% below today’s $0.56 share price. This indicates more downside for the $59.63M company. This technical setup was reported by Barchart.com. If the $0.50 PT is reached, the company will be worth $6.56M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 253,000 shares traded hands. Rouge Resource Ltd (CVE:F) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
More notable recent Rouge Resource Ltd (CVE:F) news were published by: Juniorminingnetwork.com which released: “Fiore Exploration (previously Rouge Resources Ltd.) announces new name, stock …” on August 08, 2016, also Stockhouse.com with their article: “Rouge Resources, Ltd. Announces Change of Board of Directors” published on May 10, 2016, Marketwatch.com published: “Rouge Resources Completes $5.2 Million Financing and Acquisition of Pampas El …” on August 04, 2016. More interesting news about Rouge Resource Ltd (CVE:F) were released by: Startribune.com and their article: “Deportations to Cambodia stoke fear in Twin Cities Hmong community” published on October 17, 2016 as well as Crainsdetroit.com‘s news article titled: “Rouge River displays mankind’s industrial might, mistakes and new hope” with publication date: June 10, 2016.
F Company Profile
Ford Motor Company (Ford), incorporated on July 9, 1919, is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Firm operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions. The Company’s Financial Services sector includes Ford Credit and Other Financial Services divisions. The Company’s vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Firm has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world.
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