The stock of Urbana Corp (TSE:URB) hit a new 52-week high and has $5.23 target or 118.00% above today’s $2.40 share price. The 9 months bullish chart indicates low risk for the $126.88 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $5.23 price target is reached, the company will be worth $149.72M 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 13,100 shares traded hands or 439.76% up from the average. Urbana Corp (TSE:URB) has risen 21.69% since March 30, 2016 and is uptrending. It has outperformed by 20.48% the S&P500.
More important recent Urbana Corp (TSE:URB) news were published by: Reuters.com which released: “BRIEF-Urbana Corp increases investment in Real Matters by $1.6 mln” on November 01, 2016, also Seekingalpha.com published article titled: “Urbana Corp.: Deeply Discounted Canadian Closed-End Fund”, Marketwired.com published: “Urbana Corporation Increases Its Investment in Real Matters Inc.” on November 01, 2016. More interesting news about Urbana Corp (TSE:URB) was released by: Business.Financialpost.com and their article: “Real Matters Corp. deal could set the stage for Canada’s next technology IPO” with publication date: March 17, 2016.
Urbana Corporation is a Canada investment company. The company has a market cap of $126.88 million. The Firm is a non-redeemable investment fund and an investment fund for the purposes of applicable securities laws. It has a 12.24 P/E ratio. The Firm has interests across the financial services sector from exchanges to banks to broker dealers and investment managers.
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