The stock of Delivra Corp (CVE:DVA) hit a new 52-week low and has $0.49 target or 11.00% below today’s $0.55 share price. The 7 months bearish chart indicates high risk for the $13.55M company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $0.49 price target is reached, the company will be worth $1.49M 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. About 35,000 shares traded hands or 55.09% up from the average. Delivra Corp (CVE:DVA) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
More notable recent Delivra Corp (CVE:DVA) news were published by: Marketwired.com which released: “Delivra Corp. Issues $2020900, 6% Unsecured Convertible Debentures” on September 15, 2016, also Marketwired.com with their article: “Delivra Corp. Announces Unsecured Convertible Debenture Financing” published on August 31, 2016, Marketwired.com published: “Delivra Announces Q2 2016 Financial Results” on August 29, 2016. More interesting news about Delivra Corp (CVE:DVA) were released by: Marketwired.com and their article: “Delivra Powers Diabetic Wound Healing” published on March 29, 2016 as well as Marketwired.com‘s news article titled: “Delivra Advances Revolutionary Treatment for Cardiovascular Disease” with publication date: November 03, 2016.
Delivra Corp., formerly Whiteknight Acquisitions III Inc., is a developer of transdermal technologies for the delivery of pharmaceutical and natural molecules through the skin. The company has a market cap of $13.55 million. The Firm makes and sells natural topical creams under its brand names, LivRelief, which is indicated for conditions, including joint and muscle pain, nerve pain, circulation and wound healing, and LivSport brand, which is indicated for sports performance. It currently has negative earnings. The Company’s business is divided into two areas of focus: Consumer Healthcare Over the Counter Retail products, and Technology Licensing.
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