The stock of Axios Mobile Assets Corp (CVE:AXA) hit a new 52-week low and has $0.34 target or 11.00% below today’s $0.38 share price. The 7 months bearish chart indicates high risk for the $19.19 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $0.34 price target is reached, the company will be worth $2.11 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 48,000 shares traded hands or 80.70% up from the average. Axios Mobile Assets Corp (CVE:AXA) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More important recent Axios Mobile Assets Corp (CVE:AXA) news were published by: Marketwatch.com which released: “Relay Ventures Funds Acquire Securities of Axios Mobile Assets Corp.” on December 21, 2015, also Marketwired.com published article titled: “Axios Mobile Assets Corp. Closes $5250000 Private Placement”, Pennenergy.com published: “Axios Mobile Assets Provides Operational Update for the Third Quarter” on October 05, 2016. More interesting news about Axios Mobile Assets Corp (CVE:AXA) was released by: Stockhouse.com and their article: “Axios Mobile Assets Corp. to Present at The MicroCap Conference on October 24 …” with publication date: October 11, 2016.
Axios Mobile Assets Corp. is a supply chain logistics company. The company has a market cap of $19.19 million. The Firm is a supplier of pooled pallets, primarily to the perishable food industry. It currently has negative earnings. The Company’s divisions include Pallet Rental and Freight Services.
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