The stock of Rame Energy PLC (LON:RAME) hit a new 52-week low and has GBX 6.32 target or 12.00% below today’s GBX 7.18 share price. The 8 months bearish chart indicates high risk for the GBX 7.27 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 6.32 price target is reached, the company will be worth GBX 872,400 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 increased 0.84% or GBX 0.06 on November 15, hitting GBX 7.18. It is down 16.18% since April 8, 2016 and is downtrending. It has underperformed by 20.10% the S&P500.
Another recent and important Rame Energy PLC (LON:RAME) news was published by Bloomberg.com which published an article titled: “Rame Energy to Build 130 Megawatts of Renewable Energy in Chile” on March 02, 2015.
Rame Energy plc is a United Kingdom independent power producer. The company has a market cap of 7.27 million GBP. The principal activity of the Company is that of an investment holding company. It currently has negative earnings. The Firm provides on-grid and off-grid power solutions to industry by generating renewable energy, primarily wind and solar.
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