The stock of Aurania Resources Ltd (CVE:ARU) hit a new 52-week high and has $1.65 target or 126.00% above today’s $0.73 share price. The 5 months bullish chart indicates low risk for the $15.93M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $1.65 price target is reached, the company will be worth $20.07 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,700 shares traded hands or 289.99% up from the average. Aurania Resources Ltd (CVE:ARU) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
Another recent and important Aurania Resources Ltd (CVE:ARU) news was published by Investingnews.com which published an article titled: “Wallbridge Mining Building Value From Discovery to Production” on January 06, 2016.
Aurania Resources Ltd. is a Canada-based junior exploration mining firm engaged in the identification, evaluation, acquisition and exploration of mineral property interests with a focus on precious metals. The company has a market cap of $15.93 million. The Firm operates in the segment of mineral exploration in Switzerland. It currently has negative earnings. The Firm is focused on identifying and evaluating potential exploration projects, and expanding the asset base and advancing exploration on the Company’s Swiss mineral property interests.
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