Time to Buy Axis Auto Finance Inc After Reaching All-Time Low?

 Time to Buy Axis Auto Finance Inc After Reaching All Time Low?

The stock of Axis Auto Finance Inc (CVE:AXS) reached all time low today, Nov, 8 and still has $0.55 target or 14.00% below today’s $0.64 share price. This indicates more downside for the $34.39M company. This technical setup was reported by Barchart.com. If the $0.55 PT is reached, the company will be worth $4.81M 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 26,309 shares traded hands or 355.09% up from the average. Axis Auto Finance Inc (CVE:AXS) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More notable recent Axis Auto Finance Inc (CVE:AXS) news were published by: Marketwired.com which released: “Axis Auto Finance Inc. (Formerly Verdant Financial Partners I Inc.) Announces …” on July 25, 2016, also Marketwired.com with their article: “Verdant Financial Partners and Axis Auto Finance Announce Signing of …” published on July 22, 2016, Marketwired.com published: “Verdant Financial Partners and Axis Auto Finance Announce Closing of an …” on April 28, 2016. More interesting news about Axis Auto Finance Inc (CVE:AXS) were released by: Marketwired.com and their article: “Verdant Financial Partners and Axis Auto Finance Announce Financing Update …” published on April 27, 2016 as well as Stockhouse.com‘s news article titled: “Axis Auto Finance Inc. Opens the Market” with publication date: August 16, 2016.

Axis Auto Finance Inc., formerly Verdant Financial Partners I Inc., is a capital pool company. The company has a market cap of $34.39 million. The Firm intends to identify and evaluate potential acquisitions or businesses. It currently has negative earnings. Until completion of a qualifying transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to complete a qualifying transaction.

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