Leading Edge Materials Corp Gaps Up Today, Is Now One of The Best Performers

 Leading Edge Materials Corp Gaps Up Today, Is Now One of The Best Performers

The stock of Leading Edge Materials Corp (CVE:LEM) gapped up by $0.02 today and has $1.00 target or 93.00% above today’s $0.52 share price. The 7 months technical chart setup indicates low risk for the $37.46M company. The gap was reported on Nov, 7 by Barchart.com. If the $1.00 price target is reached, the company will be worth $34.84 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 255,301 shares traded hands or 182.64% up from the average. Leading Edge Materials Corp (CVE:LEM) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More notable recent Leading Edge Materials Corp (CVE:LEM) news were published by: Marketwired.com which released: “Leading Edge Materials Expands in Critical Raw Materials Sector” on August 29, 2016, also Marketwatch.com with their article: “Leading Edge Materials Stakes the Vena Cobalt Project in Sweden” published on November 02, 2016, Marketwatch.com published: “Leading Edge Materials Announces Grant of Stock Options” on October 14, 2016. More interesting news about Leading Edge Materials Corp (CVE:LEM) were released by: Investingnews.com and their article: “Leading Edge Materials Engages European Lithium Ion Battery Experts” published on October 27, 2016 as well as Investingnews.com‘s news article titled: “Leading Edge Materials Partners with the LEAP Synergy Project in Sweden” with publication date: October 21, 2016.

Leading Edge Materials Corp, formerly Flinders Resources Ltd, is a junior exploration company. The company has a market cap of $37.46 million. The Firm is engaged in the operation of its Woxna Graphite Mine located in central Sweden. It currently has negative earnings. The Woxna Project is located over eight kilometers west-north-west of the town of Edsbyn, northwest of the city of Gavle in Central Sweden.

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