Does Grande West Transportation Group Inc Have More Gas After Reaching 52-Week High?

 Does Grande West Transportation Group Inc Have More Gas After Reaching 52 Week High?

The stock of Grande West Transportation Group Inc (CVE:BUS) hit a new 52-week high and has $2.45 target or 175.00% above today’s $0.89 share price. The 6 months bullish chart indicates low risk for the $51.72M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $2.45 price target is reached, the company will be worth $90.51M 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 287,900 shares traded hands or 107.24% up from the average. Grande West Transportation Group Inc (CVE:BUS) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.

More important recent Grande West Transportation Group Inc (CVE:BUS) news were published by: Marketwired.com which released: “Grande West Transportation Group Inc. Completes Initial Public Offering …” on December 19, 2013, also Stockhouse.com published article titled: “Grande West Transportation Group Inc. to Present at The MicroCap Conference on …”, Marketwired.com published: “Grande West LOI With Weichai Power” on November 16, 2015. More interesting news about Grande West Transportation Group Inc (CVE:BUS) was released by: Marketwired.com and their article: “Grande West Wins Calgary Transit Contract” with publication date: October 14, 2015.

Grande West Transportation Group Inc. is a Canada bus manufacturer. The company has a market cap of $51.72 million. The Firm is engaged in manufacturing of the Vicinity branded transit buses. It currently has negative earnings. The Firm operates in two divisions: bus manufacturing and sales, and the sale of parts for the Vicinity buses in operation.

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