The stock of Canadian Zeolite Corp (CVE:CNZ) hit a new 52-week high and has $0.59 target or 32.00% above today’s $0.45 share price. The 9 months bullish chart indicates low risk for the $10.43M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $0.59 price target is reached, the company will be worth $3.34M 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 307,064 shares traded hands or 153.42% up from the average. Canadian Zeolite Corp (CVE:CNZ) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More important recent Canadian Zeolite Corp (CVE:CNZ) news were published by: Prnewswire.com which released: “More States Vote on Cannabis Legalization” on November 07, 2016, also Stockhouse.com published article titled: “Canadian Zeolite Becomes Exclusive Provider to Canada’s Leading Distributor of …”, Stockhouse.com published: “Canadian Zeolite Announces National Distribution Deal with Bella Turf for …” on October 25, 2016. More interesting news about Canadian Zeolite Corp (CVE:CNZ) was released by: Juniorminingnetwork.com and their article: “Canadian Zeolite Appoints Dr. Gerardo Rodrigues-Fuentes as an Advisor” with publication date: October 06, 2016.
Canadian Zeolite Corp, formerly Canadian Mining Co Inc, is a Canada company, which is engaged in the evaluation, acquisition, exploration, development and operation of mineral properties in British Columbia and Arizona, the United States. The company has a market cap of $10.43 million. In British Columbia, the Company has interests in Bromley Creek zeolite project, which consists of a total of approximately one mineral lease and approximately six mineral claims. It currently has negative earnings. The Firm holds a contiguous claim, 305975, which is located in the Similkameen Mining District of British Columbia.
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