Can Obtala Ltd’s Tomorrow be Different? The Stock Just Broke Its High

 Can Obtala Ltd's Tomorrow be Different? The Stock Just Broke Its High

The stock of Obtala Ltd (LON:OBT) hit a new 52-week high and has GBX 46.67 target or 187.00% above today’s GBX 16.26 share price. The 9 months bullish chart indicates low risk for the GBX 44.53 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 46.67 price target is reached, the company will be worth GBX 83.27M 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. The stock increased 0.06% or GBX 0.01 on November 11, hitting GBX 16.26. About 1.22 million shares traded hands or 102.60% up from the average. Obtala Ltd (LON:OBT) has risen 160.00% since April 13, 2016 and is uptrending. It has outperformed by 153.85% the S&P500.

Another recent and important Obtala Ltd (LON:OBT) news was published by Fool.Co.Uk which published an article titled: “Obtala Resources Plc’s Growth Is Only Just Getting Started” on June 30, 2015.

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The company has a market cap of 44.53 million GBP. The Firm operates through four divisions: Exploration and development, Agriculture and forestry, Investing activities and Retail. It currently has negative earnings. The Company’s geographic focus is within sub-Saharan Africa, with its projects operational in Tanzania, Mozambique and Lesotho.

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