The stock of ALMADEX MINERALS LIMITED (CVE:AMZ) hit a new 52-week high and has $1.69 target or 48.00% above today’s $1.14 share price. The 8 months bullish chart indicates low risk for the $46.00M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $1.69 price target is reached, the company will be worth $22.08 million 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 92,302 shares traded hands or 62.17% up from the average. ALMADEX MINERALS LIMITED (CVE:AMZ) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
More notable recent ALMADEX MINERALS LIMITED (CVE:AMZ) news were published by: Marketwired.com which released: “Almadex Minerals Limited Sells Common Shares of Gold Mountain Mining Corp.” on July 07, 2016, also Marketwired.com with their article: “Almadex Sells El Encuentro Project to McEwen Mining” published on May 02, 2016, Marketwired.com published: “Almadex Reports Second Gold-Rich Porphyry Interval From Hole EC-16-010 at …” on August 17, 2016. More interesting news about ALMADEX MINERALS LIMITED (CVE:AMZ) were released by: Marketwired.com and their article: “Almadex Confirms Porphyry System at Encinal Target, El Cobre Project, Mexico …” published on June 01, 2016 as well as Marketwired.com‘s news article titled: “Almaden Minerals Ltd. Announces Closing of $4.4 Million Non-Brokered Private …” with publication date: May 25, 2016.
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