The stock of Orca Gold Inc (CVE:ORG) hit a new 52-week high and has $1.02 target or 125.00% above today’s $0.46 share price. The 9 months bullish chart indicates low risk for the $52.53 million company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $1.02 price target is reached, the company will be worth $65.66M 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 383,713 shares traded hands or 255.21% up from the average. Orca Gold Inc (CVE:ORG) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
More notable recent Orca Gold Inc (CVE:ORG) news were published by: Marketwired.com which released: “Orca Gold Corporate Update” on April 19, 2016, also Stockhouse.com with their article: “IIROC Trade Resumption – Orca Gold Inc.” published on June 11, 2012, Marketwired.com published: “Orca Gold Appoints Lycopodium to Complete Pre-Feasibility Study on Block 14” on September 12, 2016. More interesting news about Orca Gold Inc (CVE:ORG) were released by: Seekingalpha.com and their article: “Orca Gold: A Well-Funded Gold Explorer With Huge Upside Potential” published on July 25, 2014 as well as Marketwired.com‘s news article titled: “Orca Gold Discovers Significant Water at Block 14” with publication date: July 05, 2016.
Orca Gold Inc. is a junior exploration-stage company. The company has a market cap of $52.53 million. The Firm is focused on the acquisition and exploration of mineral properties in Africa. It currently has negative earnings. The Company’s exploration focus is on the Arabian Nubian Shield in the north of Sudan, where it holds the Block 14 prospecting license.
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