The stock of UGE International Ltd (CVE:UGE) hit a new 52-week low and has $0.24 target or 14.00% below today’s $0.28 share price. The 6 months bearish chart indicates high risk for the $9.96M company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $0.24 price target is reached, the company will be worth $1.39M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 85,000 shares traded hands or 417.82% up from the average. UGE International Ltd (CVE:UGE) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More notable recent UGE International Ltd (CVE:UGE) news were published by: Marketwired.com which released: “UGE International Ltd. Announces Agreement to Acquire Endura Energy” on November 23, 2015, also Marketwired.com with their article: “UGE International Ltd. Announces Grant of Options” published on June 27, 2016, Marketwired.com published: “UGE International Ltd. Announces Agreement to Spin-Off Wind Operations” on August 03, 2016. More interesting news about UGE International Ltd (CVE:UGE) were released by: Marketwired.com and their article: “UGE International Ltd. (Formerly Way Ventures Inc.) Announces Closing of Its …” published on July 29, 2014 as well as Marketwired.com‘s news article titled: “UGE International and OTEPI Install Largest Portfolio of Commercial Solar …” with publication date: November 04, 2015.
UGE International Ltd. , formerly Way Ventures Inc., is a Canada well-known provider of distributed renewable energy (DRE) solutions to commercial and industrial clients across the globe. The company has a market cap of $9.96 million. The Firm integrates solar components with its wind projects to create hybrid solutions. It currently has negative earnings. The Firm provides end-to-end solutions through its project delivery platform, which focuses on sales and marketing, engineering, procurement, construction and financing.