Will Canadian Zeolite Corp Short Squeeze Soon? The Stock Just Gapped Up

 Will Canadian Zeolite Corp Short Squeeze Soon? The Stock Just Gapped Up

The stock of Canadian Zeolite Corp (CVE:CNZ) gapped up by $0.01 today and has $2.04 target or 183.00% above today’s $0.72 share price. The 5 months technical chart setup indicates low risk for the $20.95M company. The gap was reported on Nov, 9 by Barchart.com. If the $2.04 price target is reached, the company will be worth $38.34M 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 488,154 shares traded hands or 204.98% up from the average. Canadian Zeolite Corp (CVE:CNZ) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More recent Canadian Zeolite Corp (CVE:CNZ) news were published by: Marketwatch.com which released: “Canadian Zeolite Corp.” on November 07, 2016. Also Stockhouse.com published the news titled: “Canadian Zeolite Becomes Exclusive Provider to Canada’s Leading Distributor of …” on October 31, 2016. Stockhouse.com‘s news article titled: “Canadian Zeolite Announces National Distribution Deal with Bella Turf for …” with publication date: October 25, 2016 was also an interesting one.

Canadian Zeolite Corp, formerly Canadian Mining Co Inc, is a Canada company, which is engaged in the evaluation, acquisition, exploration, development and operation of mineral properties in British Columbia and Arizona, the United States. The company has a market cap of $20.95 million. In British Columbia, the Company has interests in Bromley Creek zeolite project, which consists of a total of approximately one mineral lease and approximately six mineral claims. It currently has negative earnings. The Firm holds a contiguous claim, 305975, which is located in the Similkameen Mining District of British Columbia.

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