The stock of ALMADEX MINERALS LIMITED (CVE:AMZ) hit a new 52-week high and has $4.24 target or 165.00% above today’s $1.60 share price. The 7 months bullish chart indicates low risk for the $74.76 million company. The 1-year high was reported on Nov, 10 by Barchart.com. If the $4.24 price target is reached, the company will be worth $123.35 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 87,237 shares traded hands. ALMADEX MINERALS LIMITED (CVE:AMZ) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
More recent ALMADEX MINERALS LIMITED (CVE:AMZ) news were published by: Marketwired.com which released: “Almadex Minerals Limited Sells Common Shares of Gold Mountain Mining Corp.” on July 07, 2016. Also Stockhouse.com published the news titled: “Almadex Minerals Limited Grants Stock Options” on October 28, 2016. Juniorminingnetwork.com‘s news article titled: “Almadex Minerals Drills 218 Meters of 0.70 g/t Gold and 0.28% Copper at Norte …” with publication date: October 24, 2016 was also an interesting one.
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