The stock of Cordoba Minerals Corp (CVE:CDB) gapped up by $0.01 today and has $1.71 target or 134.00% above today’s $0.73 share price. The 5 months technical chart setup indicates low risk for the $64.27M company. The gap was reported on Nov, 9 by Barchart.com. If the $1.71 price target is reached, the company will be worth $86.12M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 40,700 shares traded hands. Cordoba Minerals Corp (CVE:CDB) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent Cordoba Minerals Corp (CVE:CDB) news were published by: Marketwired.com which released: “Proposed Acquisition of Common Shares of Cordoba Minerals Corp.” on October 23, 2015, also Marketwired.com with their article: “Robert W. Allen Acquires Ownership in Cordoba Minerals Corp.” published on April 08, 2014, Marketwired.com published: “Dias Acquires Securities of Cordoba Minerals Corp” on January 27, 2015. More interesting news about Cordoba Minerals Corp (CVE:CDB) were released by: Marketwired.com and their article: “Cordoba Minerals Acquires the Alacran Copper-Gold Project in Colombia” published on October 21, 2015 as well as Marketwatch.com‘s news article titled: “Cordoba Minerals Announces Expanded and Accelerated Drilling Program at the …” with publication date: July 11, 2016.
Cordoba Minerals Corp. is a Canada-based exploration and development firm with exploration projects in Colombia. The company has a market cap of $64.27 million. The Firm is engaged in the acquisition, exploration and development of precious and base metal properties. It currently has negative earnings. It operates through exploration and development of mineral properties segment.
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