The stock of Ambrian PLC (LON:AMBR) reached all time low today, Nov, 9 and still has GBX 1.84 target or 13.00% below today’s GBX 2.12 share price. This indicates more downside for the GBX 5.49M company. This technical setup was reported by Barchart.com. If the GBX 1.84 PT is reached, the company will be worth GBX 713,700 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. The stock closed at GBX 2.12 during the last session. It is up 45.16% since April 12, 2016 and is downtrending. It has underperformed by 49.94% the S&P500.
Another recent and important Ambrian PLC (LON:AMBR) news was published by Reuters.com which published an article titled: “Ambrian to close metals trading business” on October 14, 2016.
Ambrian plc is a United Kingdom-based company, which is engaged in physical metals and minerals trading, cement activities and holds strategic investments. The company has a market cap of 5.49 million GBP. The Firm operates through four divisions: Physical metals and minerals trading; Cement operations; Investment portfolio, and Head office costs. It currently has negative earnings. The Company’s Head office costs relate to overheads incurred in connection with operating the public limited company, providing support functions to the Group.
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