The stock of Leading Edge Materials Corp (CVE:LEM) hit a new 52-week high and has $1.07 target or 102.00% above today’s $0.53 share price. The 8 months bullish chart indicates low risk for the $38.18 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $1.07 price target is reached, the company will be worth $38.94 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. About 244,801 shares traded hands or 171.01% 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, Investingnews.com published: “Leading Edge Materials Engages European Lithium Ion Battery Experts” on October 27, 2016. More interesting news about Leading Edge Materials Corp (CVE:LEM) were released by: Investingnews.com and their article: “Leading Edge Materials Partners with the LEAP Synergy Project in Sweden” published on October 21, 2016 as well as Marketwired.com‘s news article titled: “Leading Edge Materials Commences Trading on OTCQB” with publication date: September 02, 2016.
Leading Edge Materials Corp, formerly Flinders Resources Ltd, is a junior exploration company. The company has a market cap of $38.18 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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