Does Axis Auto Finance Inc Have Any Gas After Reaching 52-Week Low?

 Does Axis Auto Finance Inc Have Any Gas After Reaching 52 Week Low?

The stock of Axis Auto Finance Inc (CVE:AXS) hit a new 52-week low and has $0.58 target or 10.00% below today’s $0.64 share price. The 6 months bearish chart indicates high risk for the $31.77M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $0.58 price target is reached, the company will be worth $3.18M 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. The stock last traded at $0.64 per share. It is down 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% 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 Financing Update …” on April 27, 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 Closing of an …” published on April 28, 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 $31.77 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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