The stock of MCW Energy Group Ltd (CVE:MCW) is a huge mover today! The stock last traded at $0.28 per share. It is down 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 8 months positive chart setup for the $50.25 million company. It was reported on Nov, 15 by Barchart.com. We have $0.53 PT which if reached, will make CVE:MCW worth $45.73 million more.
More recent MCW Energy Group Ltd (CVE:MCW) news were published by: Seekingalpha.com which released: “MCW Energy Group – The Lowest Cost Oil Producer In North America (MCWEF)” on May 14, 2015. Also Marketwatch.com published the news titled: “Alex Blyumkin Announces Acquisition of Common Shares of MCW Energy Group Limited” on January 21, 2016. Marketwired.com‘s news article titled: “Manhatten Enterprises, LLC Announces Acquisition of Common Shares of MCW …” with publication date: March 24, 2016 was also an interesting one.
MCW Energy Group Limited is a Canada holding company. The company has a market cap of $50.25 million. The Firm is focused on value creation of its technologies for the extraction of oil from oil sands and oil shale deposits, with a focus on Utah and its oil sands lease in Asphalt Ridge. It currently has negative earnings. MCW Energy CA, Inc. is the subsidiary of the Company, which owns subsidiary companies, MCW Oil Sands and TMC Capital LLC.
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