The stock of H2O Innovation Inc (CVE:HEO) hit a new 52-week high and has $5.11 target or 127.00% above today’s $2.25 share price. The 6 months bullish chart indicates low risk for the $52.38 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $5.11 price target is reached, the company will be worth $66.52 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 27,500 shares traded hands. H2O Innovation Inc (CVE:HEO) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
H2O Innovation Inc. is engaged in providing integrated technological water treatment solutions based on membrane filtration technology to municipal, energy and mining end users. The company has a market cap of $52.38 million. The Firm is also engaged in delivering drinking water and process water production, and wastewater treatment systems, including related services. It has a 223.88 P/E ratio. It creates water treatment projects for the production of drinking water and industrial process water, the reclamation and reuse of water, and the desalination of sea water and the treatment of wastewater.
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