Could Elcora Advanced Materials Corp Crash Even More? The Stock Had Another Big Decline Today

 Could Elcora Advanced Materials Corp Crash Even More? The Stock Had Another Big Decline Today

The stock of Elcora Advanced Materials Corp (CVE:ERA) is a huge mover today! About 45,400 shares traded hands. Elcora Advanced Materials Corp (CVE:ERA) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 9 months negative chart setup for the $23.51M company. It was reported on Nov, 16 by Barchart.com. We have $0.28 PT which if reached, will make CVE:ERA worth $3.29 million less.

More notable recent Elcora Advanced Materials Corp (CVE:ERA) news were published by: Reuters.com which released: “BRIEF-Thyssenkrupp agrees exclusive graphite deal with Elcora” on February 23, 2016, also Investorintel.com with their article: “Elcora – fully committed to battery production, nuclear grade graphite and …” published on January 18, 2016, Juniorminingnetwork.com published: “Elcora and Graphite Companies Announce Spherical Graphite Test Facility Begins …” on October 27, 2016. More interesting news about Elcora Advanced Materials Corp (CVE:ERA) were released by: Investorintel.com and their article: “Troy Grant on Elcora Resources’ graphite to graphene processing technology” published on January 25, 2016 as well as Investorideas.com‘s news article titled: “#Mining and #Biotech #Stocks Added to Investorideas.com” with publication date: August 19, 2016.

Elcora Advanced Materials Corp, formerly Elcora Resources Corp., is an exploration-stage company, which mines, processes, refines graphite and produces both the graphene and end graphene applications. The company has a market cap of $23.51 million. It is engaged in the acquisition and exploration for minerals, primarily graphite. It currently has negative earnings. The Company’s graphene production facility is in the Canadian city of Halifax, Nova Scotia to supply premium quality graphene.

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