The stock of Patriot One Technologies Inc (CVE:PAT) gapped up by $0.1 today and has $2.51 target or 96.00% above today’s $1.28 share price. The 6 months technical chart setup indicates low risk for the $13.48M company. The gap was reported on Nov, 14 by Barchart.com. If the $2.51 price target is reached, the company will be worth $12.94 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 822,756 shares traded hands or 7024.05% up from the average. Patriot One Technologies Inc (CVE:PAT) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
More notable recent Patriot One Technologies Inc (CVE:PAT) news were published by: Marketwired.com which released: “Patriot One Technologies Inc. (formerly Clear Mountain Resources Corp.) closes …” on November 11, 2016, also Business.Financialpost.com with their article: “Podcast: Patriot One Technologies Inc. CEO Martin Cronin on new threat …” published on October 06, 2016, Business.Financialpost.com published: “Patriot One Technologies launches new weapons detection system at police …” on October 17, 2016. More interesting news about Patriot One Technologies Inc (CVE:PAT) were released by: Marketwired.com and their article: “Patriot One Detection Ltd. to Attend International Association of Chiefs of …” published on October 11, 2016 as well as Stockhouse.com‘s news article titled: “IIROC Trade Halt – Patriot One Technologies Inc.” with publication date: January 13, 2016.
Patriot One Technologies Inc., formerly Clear Mountain Resources Corp., is a junior mineral resource exploration company. The company has a market cap of $13.48 million. The Firm is engaged in the identification, evaluation and acquisition of mineral properties and the subsequent exploration and operation thereof, including seeking joint venture partners to assist with exploration funding. It currently has negative earnings. The Firm focuses on new business opportunities and/or financing new business ventures in the mineral resource industry.
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