Time to Buy Axios Mobile Assets Corp After Reaching All-Time Low?

 Time to Buy Axios Mobile Assets Corp After Reaching All Time Low?

The stock of Axios Mobile Assets Corp (CVE:AXA) reached all time low today, Nov, 7 and still has $0.34 target or 10.00% below today’s $0.38 share price. This indicates more downside for the $19.19 million company. This technical setup was reported by Barchart.com. If the $0.34 PT is reached, the company will be worth $1.92 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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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