Time to Buy Front Range Resources Ltd After Reaching 52-Week Low?

 Time to Buy Front Range Resources Ltd After Reaching 52 Week Low?

The stock of Front Range Resources Ltd (CVE:FRK) hit a new 52-week low and has $0.68 target or 10.00% below today’s $0.75 share price. The 8 months bearish chart indicates high risk for the $39.31M company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $0.68 price target is reached, the company will be worth $3.93 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 31,000 shares traded hands. Front Range Resources Ltd (CVE:FRK) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More notable recent Front Range Resources Ltd (CVE:FRK) news were published by: Marketwired.com which released: “Stonehaven Announces Name Change to Front Range Resources Ltd.” on August 10, 2016, also Marketwired.com with their article: “Front Range Announces Increase to Previously Announced Financing From to $20 …” published on September 09, 2016, Marketwired.com published: “Front Range Announces up to $20 Million Financing to Advance Montney …” on September 08, 2016. More interesting news about Front Range Resources Ltd (CVE:FRK) were released by: Marketwired.com and their article: “Front Range Announces Closing of $22 Million of Financings to Advance Montney …” published on September 22, 2016 as well as Marketwired.com‘s news article titled: “Front Range Reports Issuance of Stock Options” with publication date: October 05, 2016.

Front Range Resources Ltd, formerly Stonehaven Exploration Ltd, is an exploration and production company. The company has a market cap of $39.31 million. The Firm has petroleum and natural gas interests in Alberta, Canada. It currently has negative earnings. The Firm holds approximately 20 gross sections (9.1 net sections) of P&NG rights at Bigstone, Fir and Wilson Creek, located in Alberta.

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