Could Bevo Agro Inc See a Reversal After Breaking Its 52-Week High?

 Could Bevo Agro Inc See a Reversal After Breaking Its 52 Week High?

The stock of Bevo Agro Inc (CVE:BVO) hit a new 52-week high and has $2.60 target or 177.00% above today’s $0.94 share price. The 5 months bullish chart indicates low risk for the $25.76 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $2.60 price target is reached, the company will be worth $45.60M 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 22,000 shares traded hands or 64.94% up from the average. Bevo Agro Inc (CVE:BVO) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.

More important recent Bevo Agro Inc (CVE:BVO) news were published by: Reuters.com which released: “BRIEF-Bevo Agro Inc. reports Q4 and fiscal 2016 results” on October 13, 2016, also Reuters.com published article titled: “BRIEF-Jiangyin Haida Rubber and Plastic sees 2016 Q1~Q3 net profit to incr…”, Reuters.com published: “BRIEF-WidePoint says approved to issue ECA PIV-I credentials” on August 25, 2016. More interesting news about Bevo Agro Inc (CVE:BVO) was released by: Reuters.com and their article: “Google’s diversity efforts show scant progress” with publication date: June 30, 2016.

Bevo Agro Inc. is a Canada-based company, which is engaged in the propagation and production of greenhouse products. The company has a market cap of $25.76 million. The Firm operates approximately 45 acres of propagation greenhouse facilities on over 98 acres of land in Milner, British Columbia and approximately 20 acres of land in Pitt Meadows, British Columbia. It has a 13.05 P/E ratio. The Firm offers products, such as greenhouse food crops, field food crops and bedding plant crops.

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