What’s Next for ALMADEX MINERALS LIMITED After Reaching 52-Week High?

 What's Next for ALMADEX MINERALS LIMITED After Reaching 52 Week High?

The stock of ALMADEX MINERALS LIMITED (CVE:AMZ) hit a new 52-week high and has $4.84 target or 195.00% above today’s $1.64 share price. The 8 months bullish chart indicates low risk for the $68.12M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $4.84 price target is reached, the company will be worth $132.83M 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 156,963 shares traded hands or 72.23% up from the average. ALMADEX MINERALS LIMITED (CVE:AMZ) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

More notable recent ALMADEX MINERALS LIMITED (CVE:AMZ) news were published by: Marketwired.com which released: “Almadex Minerals Limited Grants Stock Options” on October 28, 2016, also Marketwired.com with their article: “Almadex Minerals Limited Sells Common Shares of Gold Mountain Mining Corp.” published on July 07, 2016, Juniorminingnetwork.com published: “Almadex Minerals Drills 218 Meters of 0.70 g/t Gold and 0.28% Copper at Norte …” on October 24, 2016. More interesting news about ALMADEX MINERALS LIMITED (CVE:AMZ) were released by: Marketwired.com and their article: “Almadex Reports Second Gold-Rich Porphyry Interval From Hole EC-16-010 at …” published on August 17, 2016 as well as Marketwired.com‘s news article titled: “Almadex Sells El Encuentro Project to McEwen Mining” with publication date: May 02, 2016.

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