Could Cambium Global Timberland Limited See a Reversal After Breaking Its 52-Week High?

 Could Cambium Global Timberland Limited See a Reversal After Breaking Its 52 Week High?

The stock of Cambium Global Timberland Limited (LON:TREE) hit a new 52-week high and has GBX 17.52 target or 145.00% above today’s GBX 7.15 share price. The 9 months bullish chart indicates low risk for the GBX 7.54M company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 17.52 price target is reached, the company will be worth GBX 10.93 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. The stock increased 0.35% or GBX 0.03 on November 8, hitting GBX 7.15. About 902,658 shares traded hands or 2877.89% up from the average. Cambium Global Timberland Limited (LON:TREE) has risen 16.33% since March 28, 2016 and is uptrending. It has outperformed by 14.37% the S&P500.

Cambium Global Timberland Limited is a closed-ended investment company. The company has a market cap of 7.54 million GBP. The Company, through its subsidiaries, owns a portfolio of forestry properties, which are managed on an environmentally and socially sustainable basis. It currently has negative earnings. The Firm manages its assets for the production of timber, with exposure to environmental markets.

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