The stock of Cencotech Inc (CVE:CTZ) hit a new 52-week high and has $1.58 target or 133.00% above today’s $0.68 share price. The 8 months bullish chart indicates low risk for the $17.63M company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $1.58 price target is reached, the company will be worth $23.45M 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 96,500 shares traded hands or 11.41% up from the average. Cencotech Inc (CVE:CTZ) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
More important recent Cencotech Inc (CVE:CTZ) news were published by: Finance.Yahoo.com which released: “Cencotech Reports Results of Operations for the Third Quarter, July 31st, 2016” on September 27, 2016, also Investorideas.com published article titled: “#Technology, #Mining #Stocks and #FoodSciences/ #Hemp Company …”, Nasdaq.com published: “Banks Press for Extension on Risk-Taking Rule” on June 30, 2016. More interesting news about Cencotech Inc (CVE:CTZ) was released by: Theglobeandmail.com and their article: “The Globe and Mail” with publication date: May 20, 2009.
Cencotech Inc. is a Canada-based company engaged in the business of development and production of currency inventory management and control systems. The company has a market cap of $17.63 million. The Company’s product currency controller, CC-32, is a 32-bit, Java iteration of the Currency Controller. It has a 21.51 P/E ratio. The Company’s subsidiary, NamSys Inc., offers individual components of the Currency Controller system, as well as for the complete system.
CTZ Company Profile
Qwest Corporation, incorporated on July 17, 1911, is a communications company. The Firm is engaged in providing an array of communications services to its residential, business, governmental and wholesale customers. The Company’s communications services include local voice, Internet, private line (including special access), network access, Ethernet, information technology (IT), video, wireless and other ancillary services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLEC). The Firm offers its services in the 14-state region of Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. For certain services and products the Company provides telecommunications network to transport data and voice traffic, and for a range of internal communications functions, it uses portions of CenturyLink, Inc.’s telecommunications network to transport data and voice traffic.
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