The stock of MARIANA RESOURCES LTD (CVE:MRA) reached all time high today, Oct, 31 and still has $2.99 target or 137.00% above today’s $1.26 share price. This indicates more upside for the $149.64M company. This technical setup was reported by Barchart.com. If the $2.99 PT is reached, the company will be worth $205.01 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 245,515 shares traded hands or 78.65% up from the average. MARIANA RESOURCES LTD (CVE:MRA) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
More important recent MARIANA RESOURCES LTD (CVE:MRA) news were published by: Globenewswire.com which released: “Mariana Resources Ltd: Mariana Commences Trading on the TSXV Today” on July 26, 2016, also Globenewswire.com published article titled: “Mariana Resources Ltd : Renewed Argentinean Focus”, Globenewswire.com published: “Mariana Resources Ltd : Mariana Announces Closing of Private Placement for …” on May 04, 2016. More interesting news about MARIANA RESOURCES LTD (CVE:MRA) was released by: Seekingalpha.com and their article: “Searching For World Class Gold Resources: Mariana Resources” with publication date: August 16, 2016.
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