Could American Manganese Inc. Lose its Strength? The Stock Reaches 52-Week High

 Could American Manganese Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of American Manganese Inc. (CVE:AMY) hit a new 52-week high and has $0.90 target or 196.00% above today’s $0.31 share price. The 6 months bullish chart indicates low risk for the $48.91 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $0.90 price target is reached, the company will be worth $95.86 million 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 4.75M shares traded hands or 154.01% up from the average. American Manganese Inc. (CVE:AMY) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

More notable recent American Manganese Inc. (CVE:AMY) news were published by: Finance.Yahoo.com which released: “American Manganese Inc. Announces X-Ray Diffraction Results from Higher Purity …” on October 14, 2016, also Investingnews.com with their article: “American Manganese Inc. Appoints Advisory Board and Sets Options” published on October 26, 2016, Stockhouse.com published: “American Manganese Inc. to Present at NAATBatt International Workshop on …” on October 27, 2016. More interesting news about American Manganese Inc. (CVE:AMY) were released by: Investingnews.com and their article: “American Manganese” published on May 04, 2016 as well as Stockhouse.com‘s news article titled: “American Manganese reports successful Phase 3 testing” with publication date: November 10, 2016.

American Manganese Inc., formerly Rocher Deboule Minerals Corporation, is a Canada exploration-stage company. The company has a market cap of $48.91 million. The Firm is engaged in the acquisition, exploration and development of interests in mineral resource projects in British Columbia, Canada and Arizona, the United States. It currently has negative earnings. The Company’s segment is the exploration for and development of mineral property interests.

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