Could Imperial Equities Inc Change Direction After Today’s Huge Decline?

 Could Imperial Equities Inc Change Direction After Today's Huge Decline?

The stock of Imperial Equities Inc (CVE:IEI) is a huge mover today! About 18,200 shares traded hands or 209.79% up from the average. Imperial Equities Inc (CVE:IEI) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 7 months negative chart setup for the $46.87 million company. It was reported on Nov, 15 by Barchart.com. We have $4.10 PT which if reached, will make CVE:IEI worth $4.69M less.

Imperial Equities Inc. is a Canada firm engaged in the development and redevelopment of commercial and industrial properties primarily in Edmonton and throughout Alberta through its subsidiary, Imperial Equities Properties Ltd. The company has a market cap of $46.87 million. The Company’s divisions include Real Estate and Pharmaceuticals. It has a 12.46 P/E ratio. The Real Estate properties include Powell Building, Central Distribution Building, Independent Supply Building, Gescan Building, The Capital Business Park, Oliver Crossing, Norwesco and Ashworth Building.

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