What’s Propelling Cancana Resources Corp to Increase So Much?

 What's Propelling Cancana Resources Corp to Increase So Much?

The stock of Cancana Resources Corp (CVE:CNY) is a huge mover today! About 114,800 shares traded hands or 214.39% up from the average. Cancana Resources Corp (CVE:CNY) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 5 months positive chart setup for the $28.64 million company. It was reported on Nov, 3 by Barchart.com. We have $0.83 PT which if reached, will make CVE:CNY worth $35.51M more.

More important recent Cancana Resources Corp (CVE:CNY) news were published by: Mining.com which released: “Cancana Resources issued a cease trade order” on June 28, 2013, also Investorintel.com published article titled: “Cancana Resources – Production Trumps Inaction”, Investorintel.com published: “Cancana Resources – Ramping Up Manganese Mining in Brazil” on January 20, 2016. More interesting news about Cancana Resources Corp (CVE:CNY) was released by: Investorintel.com and their article: “The agricultural (and investment) micronutrient advantage of Cancana manganese” with publication date: November 16, 2015.

Cancana Resources Corp. is an exploration-stage company. The company has a market cap of $28.64 million. The Firm is engaged in the business of sourcing mineral properties and exploring them through drilling and research in order to prove up a resource reserve. It currently has negative earnings. The Firm is focused on the manganese production in Brazil.

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