Could Mongolia Growth Group Ltd See a Reversal After Breaking All Highs?

 Could Mongolia Growth Group Ltd See a Reversal After Breaking All Highs?

The stock of Mongolia Growth Group Ltd (CVE:YAK) reached all time low today, Nov, 15 and still has $0.26 target or 14.00% below today’s $0.30 share price. This indicates more downside for the $12.78 million company. This technical setup was reported by Barchart.com. If the $0.26 PT is reached, the company will be worth $1.79M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 102,886 shares traded hands or 311.77% up from the average. Mongolia Growth Group Ltd (CVE:YAK) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

More notable recent Mongolia Growth Group Ltd (CVE:YAK) news were published by: Businesswire.com which released: “Mongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to …” on March 03, 2014, also Seekingalpha.com with their article: “Mongolia Growth Group: The Way To Play Mongolian Economic Recovery” published on July 20, 2016, Gurufocus.com published: “Interview with Harris Kupperman of Mongolia Growth Group” on January 15, 2015. More interesting news about Mongolia Growth Group Ltd (CVE:YAK) were released by: Stockhouse.com and their article: “Mongolia Growth Group Announces AGM Results” published on June 17, 2015 as well as Seekingalpha.com‘s news article titled: “Mongolia Growth Group Raises Private Funds To Deploy In Country’s Real Estate …” with publication date: November 25, 2011.

Mongolia Growth Group Ltd. is a Canada real estate investment and development company. The company has a market cap of $12.78 million. The Firm owns commercial investment property assets in Ulaanbaatar, Mongolia. It currently has negative earnings. The Firm operates through two divisions: Investment Property Operations and Corporate.

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