A Reversal for Komet Resources Inc Is Not Near. The Stock Declines Again

 A Reversal for Komet Resources Inc Is Not Near. The Stock Declines Again

The stock of Komet Resources Inc (CVE:KMT) is a huge mover today! About 89,500 shares traded hands or 141.87% up from the average. Komet Resources Inc (CVE:KMT) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
The move comes after 7 months negative chart setup for the $34.50 million company. It was reported on Oct, 28 by Barchart.com. We have $0.47 PT which if reached, will make CVE:KMT worth $4.49M less.

More notable recent Komet Resources Inc (CVE:KMT) news were published by: Investingnews.com which released: “Komet Resources” on May 19, 2016, also Marketwired.com with their article: “Komet Completes a $4.7M Financing” published on July 18, 2016, Marketwired.com published: “Komet: Significant Increase in Gross Sales of Gold and Issuance of a Research …” on August 12, 2016. More interesting news about Komet Resources Inc (CVE:KMT) were released by: Uk.Finance.Yahoo.com and their article: “Komet Signs Market Making Agreement With Questrade, Inc.” published on July 22, 2016 as well as Investingnews.com‘s news article titled: “Crest Petroleum Announces Proposed Reverse Takeover With GFG Resources Inc …” with publication date: June 28, 2016.

Komet Resources Inc. is a gold mining company, which is focused on exploration and production at its projects in Burkina Faso, West Africa. The company has a market cap of $34.50 million. The Company’s properties include GUIRO – BURKINA FASO and the Moussala exploration permit. It currently has negative earnings. The Moussala exploration permit is located in the Kenieba gold mining camp in the Republic of Mali, West Africa.

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