A Reversal for Ecuador Gold and Copper Corp Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for Ecuador Gold and Copper Corp Is Not Near. The Stock Reaches 52 Week High Today

The stock of Ecuador Gold and Copper Corp (CVE:EGX) hit a new 52-week high and has $1.08 target or 35.00% above today’s $0.80 share price. The 5 months bullish chart indicates low risk for the $21.81M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $1.08 price target is reached, the company will be worth $7.63M 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 45,000 shares traded hands or 84.40% up from the average. Ecuador Gold and Copper Corp (CVE:EGX) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.

More notable recent Ecuador Gold and Copper Corp (CVE:EGX) news were published by: Marketwatch.com which released: “Odin to Acquire Ecuador Gold and Copper Corp.” on August 03, 2016, also Stockhouse.com with their article: “Ecuador Gold Announces Receipt of Final Court Order Approving the Arrangement” published on October 18, 2016, Marketwired.com published: “Ecuador Gold Provides Exploration Update” on October 13, 2015. More interesting news about Ecuador Gold and Copper Corp (CVE:EGX) were released by: Stockhouse.com and their article: “Ecuador Gold Announces Closing of Non-Brokered Private Placement of US$250000 …” published on October 06, 2016 as well as Globenewswire.com‘s news article titled: “EGX Discovers Significant Gold Resources on Ecuador’s New Frontier” with publication date: February 25, 2014.

Ecuador Gold and Copper Corp. , formerly Enterprise Capital Corporation, is a Canada mineral exploration and development company. The company has a market cap of $21.81 million. The Firm is focused on developing the Condor Gold Project and FJTX Concession located in Ecuador. It currently has negative earnings. The Condor Gold Project is an advanced stage gold property located approximately 400 kilometers south-southeast of the Ecuador capital city, Quito and approximately 40 kilometers east of Zamora, Ecuador.

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