The stock of Crystal Lake Mining Corp (CVE:CLM) hit a new 52-week low and has $0.23 target or 10.00% below today’s $0.25 share price. The 5 months bearish chart indicates high risk for the $11.02 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $0.23 price target is reached, the company will be worth $1.10M 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 1,000 shares traded hands. Crystal Lake Mining Corp (CVE:CLM) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More important recent Crystal Lake Mining Corp (CVE:CLM) news were published by: Investingnews.com which released: “The Lithium Play No One is Talking About” on December 10, 2015, also Miamiherald.com published article titled: “Company profile: Biochemist/entrepreneur brings blue lagoons, beachfront …”, Jacksonville.com published: “Group proposes strategies to restore Keystone Heights area lakes” on July 31, 2016. More interesting news about Crystal Lake Mining Corp (CVE:CLM) was released by: Chicagotribune.com and their article: “Barrick’s Super Pit stake sale said to draw Kinross, Zijin” with publication date: October 08, 2016.
Crystal Lake Mining Corp, formerly Sierra Iron Ore Corp, is a mineral exploration company. The company has a market cap of $11.02 million. The Firm operates through the exploration of exploration and evaluation assets segment. It currently has negative earnings. The Firm focuses on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
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