The stock of Carolina Capital Corp (CVE:BRD) reached all time low today, Oct, 19 and still has $0.28 target or 12.00% below today’s $0.32 share price. This indicates more downside for the $6.72 million company. This technical setup was reported by Barchart.com. If the $0.28 PT is reached, the company will be worth $806,400 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 67,000 shares traded hands or 334900.00% up from the average. Carolina Capital Corp (CVE:BRD) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
More notable recent Carolina Capital Corp (CVE:BRD) news were published by: Investingnews.com which released: “Carolina Capital Changes Name to Broadway Gold Mining” on October 17, 2016, also Bizjournals.com with their article: “The List: Largest Triad Community Banks” published on October 14, 2016, Streetinsider.com published: “Viad Corp. (VVI) Acquires ON Event Services from KT Capital” on October 17, 2016. More interesting news about Carolina Capital Corp (CVE:BRD) were released by: Bna.com and their article: “Capital Bank Financial, CommunityOne Merger Approved” published on October 13, 2016 as well as Nasdaq.com‘s news article titled: “Capital Bank Financial Corp. Sets Earnings Release and Conference Call Date …” with publication date: October 04, 2016.
Broadway Gold Mining Ltd, formerly Carolina Capital Corp, is a Canada company, which owns an interest in the Madison Gold and Copper Mine . The company has a market cap of $6.72 million. The Madison Mine is subject to underlying royalties, located in the Silver Star Mining District of southeastern Montana. It currently has negative earnings. The Madison Mine is located approximately 40 kilometers southeast of Butte, Montana, the location of the Butte copper mine.
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