The stock of Chaarat Gold Holdings Ltd (LON:CGH) hit a new 52-week high and has GBX 21.80 target or 118.00% above today’s GBX 10.00 share price. The 9 months bullish chart indicates low risk for the GBX 35.18 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the GBX 21.80 price target is reached, the company will be worth GBX 41.51 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 increased 1.52% or GBX 0.15 on November 4, hitting GBX 10. About 448,250 shares traded hands. Chaarat Gold Holdings Ltd (LON:CGH) has risen 68.00% since April 6, 2016 and is uptrending. It has outperformed by 66.91% the S&P500.
Chaarat Gold Holdings Limited is a holding, management and finance company. The company has a market cap of 35.18 million GBP. The Firm is engaged in the exploration for gold and the development of the Chaarat Gold Project in the Kyrgyz Republic. It currently has negative earnings. The Chaarat Gold Project is approximately 10 kilometers along strike at the center of the Sandalash license area, which consists of three identified prospects: Chaarat, Kashkasu and Minteke.
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