What’s Pioneering Technology Corp Upside After Reaching 52-Week High?

 What's Pioneering Technology Corp Upside After Reaching 52 Week High?

The stock of Pioneering Technology Corp (CVE:PTE) hit a new 52-week high and has $1.66 target or 116.00% above today’s $0.77 share price. The 5 months bullish chart indicates low risk for the $34.43 million company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $1.66 price target is reached, the company will be worth $39.94M 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 96,100 shares traded hands. Pioneering Technology Corp (CVE:PTE) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

More recent Pioneering Technology Corp (CVE:PTE) news were published by: Globenewswire.com which released: “FEMA Study Reports Pioneering Technology Corp’s Safe-T-Element the ONLY …” on January 13, 2015. Also Stockhouse.com published the news titled: “Pioneering Technology Corporation to Present at The MicroCap Conference on …” on October 18, 2016. Marketwired.com‘s news article titled: “Pioneering Technology Reports Q2 2016 Financial Results” with publication date: May 31, 2016 was also an interesting one.

Pioneering Technology Corporation is an energy smart technology and consumer goods company. The company has a market cap of $34.43 million. The Firm is engaged in the development and commercialization of new technologies. It has a 59.69 P/E ratio. It offers cooking fire prevention technologies.

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