Could Aphria Inc See a Reversal After Breaking All Highs?

 Could Aphria Inc See a Reversal After Breaking All Highs?

The stock of Aphria Inc (CVE:APH) reached all time high today, Nov, 10 and still has $6.37 target or 45.00% above today’s $4.39 share price. This indicates more upside for the $434.12 million company. This technical setup was reported by Barchart.com. If the $6.37 PT is reached, the company will be worth $195.35M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.60 million shares traded hands. Aphria Inc (CVE:APH) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

More notable recent Aphria Inc (CVE:APH) news were published by: Seekingalpha.com which released: “The Most Compelling Marijuana Investment: Aphria” on June 01, 2016, also Midasletter.com with their article: “Aphria Inc. CEO Vic Neufeld on Canopy Growth, Organigram and Recreational …” published on November 10, 2015, Seekingalpha.com published: “Aphria: A Growing Green Gem” on August 22, 2016. More interesting news about Aphria Inc (CVE:APH) were released by: Marketwired.com and their article: “Aphria Inc. Announces $25 Million Bought Deal” published on July 28, 2016 as well as Midasletter.com‘s news article titled: “TSX Best Marijuana Bets in 2016: Canopy Growth Corp, Aphria Inc, and …” with publication date: January 02, 2016.

Aphria Inc., formerly Black Sparrow Capital Corp., is a Canada company, which is engaged in producing and selling medical marijuana through retail sales and wholesale channels. The company has a market cap of $434.12 million. The Company’s retail sales are primarily sold through the Company’s online store, as well as telephone orders. It has a 181.63 P/E ratio. The Company’s wholesale shipments are sold to other Medical Purposes Regulations Licensed Producers.

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