The stock of Urbana Corp (TSE:URB) hit a new 52-week high and has $3.68 target or 47.00% above today’s $2.50 share price. The 9 months bullish chart indicates low risk for the $134.43 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $3.68 price target is reached, the company will be worth $63.18 million 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. About 22,500 shares traded hands or 507.78% up from the average. Urbana Corp (TSE:URB) has risen 27.00% since April 11, 2016 and is uptrending. It has outperformed by 23.07% the S&P500.
More notable recent Urbana Corp (TSE:URB) news were published by: Seekingalpha.com which released: “Urbana Corp.: Deeply Discounted Canadian Closed-End Fund” on September 05, 2014, also Valuewalk.com with their article: “Urbana Corporation: A Net-Net Value Trap?” published on July 06, 2012, Reuters.com published: “BRIEF-Urbana Corporation appoints new chief financial officer” on November 11, 2016. More interesting news about Urbana Corp (TSE:URB) were released by: Marketwired.com and their article: “Urbana Corporation Appoints New Chief Financial Officer” published on November 11, 2016 as well as Marketwired.com‘s news article titled: “Urbana Corporation Net Asset Value per Share above $4 – Sets New All-time High” with publication date: November 02, 2016.
Urbana Corporation is a Canada investment company. The company has a market cap of $134.43 million. The Firm is a non-redeemable investment fund and an investment fund for the purposes of applicable securities laws. It has a 5.14 P/E ratio. The Firm has interests across the financial services sector from exchanges to banks to broker dealers and investment managers.
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