The stock of H2O Innovation Inc (CVE:HEO) hit a new 52-week high and has $3.82 target or 89.00% above today’s $2.02 share price. The 7 months bullish chart indicates low risk for the $49.32 million company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $3.82 price target is reached, the company will be worth $43.89M 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 46,864 shares traded hands. H2O Innovation Inc (CVE:HEO) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
Another recent and important H2O Innovation Inc (CVE:HEO) news was published by Investorintel.com which published an article titled: “H2O Innovation wins international recognition, beats GE” on April 20, 2016.
H2O Innovation Inc. is engaged in providing integrated technological water treatment solutions based on membrane filtration technology to municipal, energy and mining end users. The company has a market cap of $49.32 million. The Firm is also engaged in delivering drinking water and process water production, and wastewater treatment systems, including related services. It has a 201 P/E ratio. It creates water treatment projects for the production of drinking water and industrial process water, the reclamation and reuse of water, and the desalination of sea water and the treatment of wastewater.
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