What’s Ahead for MCW Energy Group Ltd After Today’s Huge Decline?

 What's Ahead for MCW Energy Group Ltd After Today's Huge Decline?

The stock of MCW Energy Group Ltd (CVE:MCW) is a huge mover today! About 114,100 shares traded hands. MCW Energy Group Ltd (CVE:MCW) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 6 months negative chart setup for the $47.40M company. It was reported on Nov, 7 by Barchart.com. We have $0.26 PT which if reached, will make CVE:MCW worth $5.69 million less.

More important recent MCW Energy Group Ltd (CVE:MCW) news were published by: Seekingalpha.com which released: “MCW Energy Group – The Lowest Cost Oil Producer In North America (MCWEF)” on May 14, 2015, also Marketwatch.com published article titled: “MCW Energy Group Announces Amendment of Debentures and Shares for Debt Transaction”, Marketwatch.com published: “Alex Blyumkin Announces Acquisition of Common Shares of MCW Energy Group Limited” on January 21, 2016. More interesting news about MCW Energy Group Ltd (CVE:MCW) was released by: Prnewswire.com and their article: “S&P Capital IQ Initiates Coverage on MCW Energy Group Limited in S&P Capital …” with publication date: November 25, 2015.

MCW Energy Group Limited is a Canada holding company. The company has a market cap of $47.40 million. The Firm is focused on value creation of its technologies for the extraction of oil from oil sands and oil shale deposits, with a focus on Utah and its oil sands lease in Asphalt Ridge. It currently has negative earnings. MCW Energy CA, Inc. is the subsidiary of the Company, which owns subsidiary companies, MCW Oil Sands and TMC Capital LLC.

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