The stock of Atico Mining Corp (CVE:ATY) hit a new 52-week high and has $1.07 target or 39.00% above today’s $0.77 share price. The 5 months bullish chart indicates low risk for the $77.49M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $1.07 price target is reached, the company will be worth $30.22M 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 258,083 shares traded hands or 223.09% up from the average. Atico Mining Corp (CVE:ATY) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
Atico Mining Corp (CVE:ATY) Ratings Coverage
Out of 3 analysts covering Atico Mining (CVE:ATY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Atico Mining has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc.
More important recent Atico Mining Corp (CVE:ATY) news were published by: Investingnews.com which released: “Atico Mining” on July 05, 2016, also Blogs.Wsj.com published article titled: “CFO Moves: Monster Worldwide, Bonobos, NGL Energy, Atico Mining”, Seekingalpha.com published: “I’m Glad I Wasn’t Wrong About Atico Mining!” on June 19, 2016. More interesting news about Atico Mining Corp (CVE:ATY) was released by: Marketwired.com and their article: “Thomas Kelly to Step Down As Chief Operating Officer of Atico” with publication date: September 29, 2016.
Atico Mining Corporation is a Canada firm engaged in copper-gold mining and related activities, including exploration, development, extraction and processing in Colombia, and the acquisition, exploration and development of copper and gold projects in Latin America. The company has a market cap of $77.49 million. The Company, through Minera El Roble S.A. , has interests in the El Roble mining property (El Roble). It currently has negative earnings. El Roble is an operating copper-gold mine in Colombia.
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