The stock of Polo Resources Limited (LON:POL) hit a new 52-week high and has GBX 11.38 target or 61.00% above today’s GBX 7.07 share price. The 8 months bullish chart indicates low risk for the GBX 20.20 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 11.38 price target is reached, the company will be worth GBX 12.32M 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. The stock decreased 2.41% or GBX 0.18 on November 15, hitting GBX 7.07. About 552,586 shares traded hands. Polo Resources Limited (LON:POL) has declined 61.10% since April 18, 2016 and is downtrending. It has underperformed by 65.03% the S&P500.
Polo Resources Limited is a natural resources investment company. The company has a market cap of 20.20 million GBP. The Firm is focused on natural resources and mine development with interests in gas and oil, gold, coal, iron ore, phosphate and copper. It currently has negative earnings. The Firm acquires and manages investments in companies and projects and also invests in exploration companies.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.