Is Selling Mongolia Growth Group Ltd Here a Winning Strategy?

 Is Selling Mongolia Growth Group Ltd Here a Winning Strategy?

The stock of Mongolia Growth Group Ltd (CVE:YAK) hit a new 52-week low and has $0.28 target or 12.00% below today’s $0.32 share price. The 9 months bearish chart indicates high risk for the $11.82M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $0.28 price target is reached, the company will be worth $1.42 million 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 35,000 shares traded hands or 42.27% up from the average. Mongolia Growth Group Ltd (CVE:YAK) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

More notable recent Mongolia Growth Group Ltd (CVE:YAK) news were published by: Businesswire.com which released: “Mongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to …” on March 03, 2014, also Seekingalpha.com with their article: “Mongolia Growth Group: The Way To Play Mongolian Economic Recovery” published on July 20, 2016, Stockhouse.com published: “Mongolia Growth Group Announces AGM Results” on June 17, 2015. More interesting news about Mongolia Growth Group Ltd (CVE:YAK) were released by: Gurufocus.com and their article: “Interview with Harris Kupperman of Mongolia Growth Group” published on January 15, 2015 as well as Seekingalpha.com‘s news article titled: “Mongolia Growth Group Raises Private Funds To Deploy In Country’s Real Estate …” with publication date: November 25, 2011.

Mongolia Growth Group Ltd. is a Canada real estate investment and development company. The company has a market cap of $11.82 million. The Firm owns commercial investment property assets in Ulaanbaatar, Mongolia. It currently has negative earnings. The Firm operates through two divisions: Investment Property Operations and Corporate.

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