The stock of Lancaster Capital Corp (CVE:LHC) gapped up by $0.015 today and has $0.55 target or 84.00% above today’s $0.30 share price. The 6 months technical chart setup indicates low risk for the $7.92M company. The gap was reported on Oct, 28 by Barchart.com. If the $0.55 price target is reached, the company will be worth $6.65 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 53,000 shares traded hands or 429.89% up from the average. Lancaster Capital Corp (CVE:LHC) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
More notable recent Lancaster Capital Corp (CVE:LHC) news were published by: Investingnews.com which released: “Lancaster Capital Options Peter Lake Gold Property in Nunavut” on October 26, 2016, also Marketwired.com with their article: “Long Harbour Completes Private Placement and Announces Change of Board and …” published on October 16, 2015, Cpbj.com published: “Soon-to-be Hamilton Bank halfway to capital-raising goal” on March 21, 2016. More interesting news about Lancaster Capital Corp (CVE:LHC) were released by: Buffalonews.com and their article: “Lancaster has two competing proposals for developing West Main corridor” published on August 12, 2016 as well as Cpbj.com‘s news article titled: “Community First Fund moving Lancaster HQHarrisburg office shifts to new co …” with publication date: October 20, 2016.
Lancaster Capital Corp., formerly Long Harbour Exploration Corp., is a Canada exploration-stage company. The company has a market cap of $7.92 million. The Firm is pursuing mining and non-mining sector business opportunities in companies generating, or near to generating, positive cash flow and, or, highly prospective exploration properties in the precious metals and mineral sectors. It has a 337.08 P/E ratio. The Firm does not have an active business.
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