Is Selling Luxor Industrial Corporation Here a Winning Strategy?

 Is Selling Luxor Industrial Corporation Here a Winning Strategy?

The stock of Luxor Industrial Corporation (CVE:LRL) is a huge mover today! About 78,500 shares traded hands or 25.51% up from the average. Luxor Industrial Corporation (CVE:LRL) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
The move comes after 8 months negative chart setup for the $11.57M company. It was reported on Nov, 11 by Barchart.com. We have $0.24 PT which if reached, will make CVE:LRL worth $1.27M less.

More notable recent Luxor Industrial Corporation (CVE:LRL) news were published by: Globenewswire.com which released: “Luxor Closes Acquisitions of 2 Wood Framing Businesses in the US and Canada …” on February 12, 2016, also Globenewswire.com with their article: “Luxor Enters Into Two Definitive Agreements to Acquire Wood Framing Businesses …” published on January 15, 2016, Marketwired.com published: “CORRECTION – Luxor Announces C$5.0 Million Brokered Private Placement” on November 07, 2016. More interesting news about Luxor Industrial Corporation (CVE:LRL) were released by: Globenewswire.com and their article: “Luxor Commences Manufacturing of 3 Ply Access Mats for Hampton Lumber Sales …” published on March 09, 2015 as well as Globenewswire.com‘s news article titled: “Luxor’s USA Mill Frame LLC Signs Second Framing Contract With Seattle Based …” with publication date: January 20, 2016.

Luxor Industrial Corporation is a Canada firm involved in the development, engineering, manufacturing and marketing of engineered wood products. The company has a market cap of $11.57 million. The Firm operates in over three areas of activity. It has a 47.15 P/E ratio. In the industrial sector, the Company makes wood mat products for various applications, including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways, and gas and oil and mining operations.

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