The stock of Bevo Agro Inc (CVE:BVO) hit a new 52-week high and has $2.08 target or 78.00% above today’s $1.17 share price. The 5 months bullish chart indicates low risk for the $29.90M company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $2.08 price target is reached, the company will be worth $23.32M 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 79,648 shares traded hands or 323.93% up from the average. Bevo Agro Inc (CVE:BVO) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More news for Bevo Agro Inc (CVE:BVO) were recently published by: Reuters.com, which released: “BRIEF-Bevo Agro Inc. reports Q4 and fiscal 2016 results” on October 13, 2016. Reuters.com‘s article titled: “BRIEF-Jiangyin Haida Rubber and Plastic sees 2016 Q1~Q3 net profit to incr…” and published on October 13, 2016 is yet another important article.
Bevo Agro Inc. is engaged in the propagation of plants in North America, providing greenhouses, field farms, nurseries, and wholesalers across the continent with plants. The company has a market cap of $29.90 million. The Firm operates through the segment of propagation and production of greenhouse products. It has a 10.6 P/E ratio. It operates approximately 45 acres of propagation greenhouse facilities on approximately 100 acres of land in Milner, British Colombia and approximately 20 acres of land in Pitt Meadows, British Colombia.
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