The stock of Filo Mining Corp (CVE:FIL) reached all time high today, Oct, 19 and still has $5.68 target or 177.00% above today’s $2.05 share price. This indicates more upside for the $89.84 million company. This technical setup was reported by Barchart.com. If the $5.68 PT is reached, the company will be worth $159.02M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 41,324 shares traded hands or 8.41% up from the average. Filo Mining Corp (CVE:FIL) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
More notable recent Filo Mining Corp (CVE:FIL) news were published by: Marketwatch.com which released: “NGEX Resources Inc. and Filo Mining Corp. Announce Closing of Spin-Out of Filo …” on August 16, 2016, also Globenewswire.com with their article: “NGEX RESOURCES INC. AND FILO MINING CORP. ANNOUNCE NASDAQ FIRST NORTH APPROVAL …” published on September 01, 2016, Globenewswire.com published: “NGEX RESOURCES INC. AND FILO MINING CORP. ANNOUNCE TSX VENTURE EXCHANGE …” on August 26, 2016. More interesting news about Filo Mining Corp (CVE:FIL) were released by: Globenewswire.com and their article: “Nasdaq Stockholm Welcomes Filo Mining Corp. to First North” published on September 06, 2016 as well as Marketwatch.com‘s news article titled: “Filo Mining Corp.” with publication date: September 01, 2016.
Filo Mining Corp is a Canada-based mineral exploration company. The company has a market cap of $89.84 million. The Firm has interest in the Filo del Sol Project located in South America. It currently has negative earnings. The Filo del Sol Project is located on the border of Argentina’s San Juan Province and Chile’s adjacent Region III.
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