The stock of Rambler Metals and Mining PLC (LON:RMM) hit a new 52-week high and has GBX 17.78 target or 154.00% above today’s GBX 7.00 share price. The 7 months bullish chart indicates low risk for the GBX 28.87M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 17.78 price target is reached, the company will be worth GBX 44.46 million 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. The stock decreased 9.68% or GBX 0.75 on November 3, hitting GBX 7. About 7.86M shares traded hands or 5157.74% up from the average. Rambler Metals and Mining PLC (LON:RMM) has risen 90.32% since April 5, 2016 and is uptrending. It has outperformed by 89.11% the S&P500.
Rambler Metals and Mining PLC (LON:RMM) Ratings Coverage
Out of 2 analysts covering Rambler Metals and Mining PLC (LON:RMM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Rambler Metals and Mining PLC has been the topic of 21 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Cantor Fitzgerald on Monday, February 29 with “Buy”. The company was maintained on Monday, June 13 by Cantor Fitzgerald. As per Thursday, March 31, the company rating was maintained by Beaufort Securities. On Monday, December 14 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock has “Buy” rating given by Cantor Fitzgerald on Wednesday, March 30. Cantor Fitzgerald maintained it with “Buy” rating and GBX 24 target price in Friday, July 31 report. On Tuesday, September 8 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Cantor Fitzgerald maintained Rambler Metals and Mining PLC (LON:RMM) on Monday, October 26 with “Buy” rating. As per Thursday, September 3, the company rating was maintained by Cantor Fitzgerald. Cantor Fitzgerald maintained the shares of RMM in a report on Wednesday, December 23 with “Buy” rating.
More recent Rambler Metals and Mining PLC (LON:RMM) news were published by: Marketwired.com which released: “Rambler Metals & Mining PLC: Transaction Close” on June 03, 2016. Also Marketwired.com published the news titled: “Rambler Metals & Mining PLC: Director / PDMR Shareholding – CORRECTION” on July 27, 2016. Marketwired.com‘s news article titled: “Rambler Metals and Mining Plc and Thundermin Resources Inc. Announce …” with publication date: November 12, 2015 was also an interesting one.
Rambler Metals and Mining plc is a junior mining company. The company has a market cap of 28.87 million GBP. The Firm is engaged in the development, mining and exploration of the Ming mine in Newfoundland and Labrador, and the exploration and development of other properties in its portfolio. It currently has negative earnings. The Ming Mine is an underground volcanic massive sulfide style copper deposit with high gold grades.
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