The stock of Ambrian PLC (LON:AMBR) hit a new 52-week low and has GBX 2.03 target or 10.00% below today’s GBX 2.25 share price. The 7 months bearish chart indicates high risk for the GBX 5.73 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the GBX 2.03 price target is reached, the company will be worth GBX 573,000 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at GBX 2.25 during the last session. It is down 53.85% since March 31, 2016 and is downtrending. It has underperformed by 58.56% the S&P500.
More news for Ambrian PLC (LON:AMBR) were recently published by: Reuters.com, which released: “Ambrian to close metals trading business” on October 14, 2016. Bloomberg.com‘s article titled: “Quest for Cheaper Metals Trading Drives Talks to Start LME Rival” and published on June 06, 2016 is yet another important article.
Ambrian plc is a United Kingdom-based company, which is engaged in physical metals and minerals trading, cement activities and holds strategic investments. The company has a market cap of 5.73 million GBP. The Firm operates through four divisions: Physical metals and minerals trading; Cement operations; Investment portfolio, and Head office costs. It currently has negative earnings. The Company’s Head office costs relate to overheads incurred in connection with operating the public limited company, providing support functions to the Group.
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