The stock of Aurora Cannabis Inc (CVE:ACB) reached all time high today, Nov, 15 and still has $3.10 target or 20.00% above today’s $2.58 share price. This indicates more upside for the $665.70 million company. This technical setup was reported by Barchart.com. If the $3.10 PT is reached, the company will be worth $133.14M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 9.62 million shares traded hands or 135.78% up from the average. Aurora Cannabis Inc (CVE:ACB) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
More recent Aurora Cannabis Inc (CVE:ACB) news were published by: Seekingalpha.com which released: “Aurora Cannabis: Overvalued + A Misleading Management Team = SHORT” on November 08, 2016. Also Seekingalpha.com published the news titled: “Aurora Cannabis: An Execution Story” on September 16, 2016. Seekingalpha.com‘s news article titled: “Aurora Cannabis: Poised To Dominate Canadian Marijuana” with publication date: September 28, 2016 was also an interesting one.
Aurora Cannabis Inc. is engaged in the production and sale of medical cannabis. The company has a market cap of $665.70 million. The Firm is engaged in the business of producing and distributing medical marijuana pursuant to the Access to Cannabis for Medical Purposes Regulations . It currently has negative earnings. The Company’s product types include Tetrahydrocannabinol (THC), Cannabidiole (CBD), indica, sativa and hybrid.
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