Could Filo Mining Corp Change Direction After Reaching 52-Week High?

 Could Filo Mining Corp Change Direction After Reaching 52 Week High?

The stock of Filo Mining Corp (CVE:FIL) hit a new 52-week high and has $4.82 target or 135.00% above today’s $2.05 share price. The 5 months bullish chart indicates low risk for the $89.84M company. The 1-year high was reported on Oct, 19 by If the $4.82 price target is reached, the company will be worth $121.28 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 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: which released: “NGEX Resources Inc. and Filo Mining Corp. Announce Closing of Spin-Out of Filo …” on August 16, 2016, also with their article: “NGEX RESOURCES INC. AND FILO MINING CORP. ANNOUNCE NASDAQ FIRST NORTH APPROVAL …” published on September 01, 2016, 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: and their article: “Nasdaq Stockholm Welcomes Filo Mining Corp. to First North” published on September 06, 2016 as well as‘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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