The stock of China Africa Resources PLC (LON:CAF) is a huge mover today! The stock increased 57.50% or GBX 2.3 on November 14, hitting GBX 6.3. About 73,644 shares traded hands or 2142.51% up from the average. China Africa Resources PLC (LON:CAF) has risen 100.00% since April 14, 2016 and is uptrending. It has outperformed by 95.02% the S&P500.
The move comes after 6 months positive chart setup for the GBX 1.66 million company. It was reported on Nov, 14 by Barchart.com. We have GBX 16.57 PT which if reached, will make LON:CAF worth GBX 2.71 million more.
Another recent and important China Africa Resources PLC (LON:CAF) news was published by Wsj.com which published an article titled: “Mining Collapse Cripples Africa’s Dreams of Prosperity” on March 04, 2016.
China Africa Resources plc is a United Kingdom company, which is engaged in exploration and evaluation of mining assets. The company has a market cap of 1.66 million GBP. The Firm is involved in the exploration and development of base metals, primarily lead and zinc. It currently has negative earnings. The Firm is engaged in the evaluation of the Berg Aukas Mine, which is located near Grootfontein in Northern Namibia.
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