The stock of Pires Investments PLC (LON:PIRI) hit a new 52-week low and has GBX 2.45 target or 12.00% below today’s GBX 2.78 share price. The 6 months bearish chart indicates high risk for the GBX 836,891 company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 2.45 price target is reached, the company will be worth GBX 100,427 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.30% or GBX 0.1 on November 15, hitting GBX 2.78. About 118,489 shares traded hands. Pires Investments PLC (LON:PIRI) has declined 30.30% since April 18, 2016 and is downtrending. It has underperformed by 34.23% the S&P500.
Pires Investments plc is a United Kingdom investment company. The company has a market cap of 836,891 GBP. The Firm is engaged in seeking, investigating and making of investments. It currently has negative earnings. The Company’s investment policy is to invest principally, but not exclusively, in the resources and energy sectors.
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