The stock of Grande West Transportation Group Inc (CVE:BUS) hit a new 52-week high and has $1.59 target or 31.00% above today’s $1.21 share price. The 9 months bullish chart indicates low risk for the $70.94M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $1.59 price target is reached, the company will be worth $21.99 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 462,795 shares traded hands or 25.21% up from the average. Grande West Transportation Group Inc (CVE:BUS) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More news for Grande West Transportation Group Inc (CVE:BUS) were recently published by: Marketwired.com, which released: “Grande West Transportation Group Inc. Completes Initial Public Offering …” on December 19, 2013. Marketwired.com‘s article titled: “Grande West LOI With Weichai Power” and published on November 16, 2015 is yet another important article.
Grande West Transportation Group Inc. is a Canada bus manufacturer. The company has a market cap of $70.94 million. The Firm is engaged in manufacturing of the Vicinity branded transit buses. It currently has negative earnings. The Firm operates in two divisions: bus manufacturing and sales, and the sale of parts for the Vicinity buses in operation.
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