The stock of Parlane Resource Corp (CVE:PPP) hit a new 52-week high and has $0.41 target or 43.00% above today’s $0.29 share price. The 9 months bullish chart indicates low risk for the $3.48M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $0.41 price target is reached, the company will be worth $1.50M 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 83,200 shares traded hands or 26.85% up from the average. Parlane Resource Corp (CVE:PPP) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More important recent Parlane Resource Corp (CVE:PPP) news were published by: Marketwired.com which released: “Parlane Closes Tranche 1 of Private Placement” on August 02, 2016, also Stockhouse.com published article titled: “Lassonde says gold find could be among richest in BC”, Marketwatch.com published: “Altice shares rise 2.7% following financial update” on July 03, 2014. More interesting news about Parlane Resource Corp (CVE:PPP) was released by: Zacks.com and their article: “4 Cheap Gold Stocks to Buy on Global Jitters” with publication date: January 07, 2016.
Parlane Resource Corp. is a junior exploration company. The company has a market cap of $3.48 million. The Firm is focused on identifying and developing early-stage gold properties. It currently has negative earnings. It is engaged in exploration in British Columbia on the Big Bear Project .
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