The stock of Metallic Minerals Corp (CVE:MMG) reached all time high today, Nov, 10 and still has $0.94 target or 62.00% above today’s $0.58 share price. This indicates more upside for the $19.75 million company. This technical setup was reported by Barchart.com. If the $0.94 PT is reached, the company will be worth $12.25 million 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 25,500 shares traded hands or 127.66% up from the average. Metallic Minerals Corp (CVE:MMG) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
More important recent Metallic Minerals Corp (CVE:MMG) news were published by: Marketwired.com which released: “Metallic Minerals Corp. Closes C$1.125 Million Flow-Through Private Placement …” on November 01, 2016, also Reuters.com published article titled: “BRIEF-Metallic Minerals Corp. appoints Tim Thiessen as CFO”, Stockhouse.com published: “Monster Mining Changes Name to Metallic Minerals Corp.” on September 12, 2016. More interesting news about Metallic Minerals Corp (CVE:MMG) was released by: Marketwatch.com and their article: “Metallic Minerals Corp.” with publication date: June 30, 2013.
Metallic Minerals Corp, formerly Monster Mining Corp, is a Canada mineral exploration company. The company has a market cap of $19.75 million. The Firm is focused on the exploration of silver and gold projects in Canada’s Yukon Territory. It currently has negative earnings. The Firm controls over 66 square kilometers in the Keno Hill Silver District, which produces over 200 million ounces of high-grade silver.
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