First Cobalt Corp Surges to 52-Week Low, Is Now Worst Performer

 First Cobalt Corp Surges to 52 Week Low, Is Now Worst Performer

The stock of First Cobalt Corp (CVE:FCC) hit a new 52-week low and has $0.22 target or 13.00% below today’s $0.26 share price. The 6 months bearish chart indicates high risk for the $4.40M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $0.22 price target is reached, the company will be worth $572,000 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. About 357,500 shares traded hands or 17874900.00% up from the average. First Cobalt Corp (CVE:FCC) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

More notable recent First Cobalt Corp (CVE:FCC) news were published by: Marketwatch.com which released: “Leading Edge Materials Stakes the Vena Cobalt Project in Sweden” on November 02, 2016, also Investorintel.com with their article: “Cruz Capital increases land holdings for the Bucke Cobalt Project” published on October 25, 2016, Prnewswire.com published: “Fleurette Group: Mutanda Mining SARL Third Quarter 2016 Production Report” on November 03, 2016. More interesting news about First Cobalt Corp (CVE:FCC) were released by: Investorintel.com and their article: “InvestorIntel Report: The big cobalt catch-up; Cruz makes another move …” published on July 25, 2016 as well as Investingnews.com‘s news article titled: “Cruz Capital Corp Sells One of its Cobalt Assets for Shares” with publication date: October 06, 2016.

First Cobalt Corp, formerly Aurgent Resource Corp, is a Canada exploration-stage company. The company has a market cap of $4.40 million. The Firm is engaged in the acquisition, exploration and development of resource properties. It currently has negative earnings.

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