What’s Ahead for Canada Carbon Inc After Reaching 52-Week Low?

 What's Ahead for Canada Carbon Inc After Reaching 52 Week Low?

The stock of Canada Carbon Inc (CVE:CCB) hit a new 52-week low and has $0.22 target or 14.00% below today’s $0.25 share price. The 5 months bearish chart indicates high risk for the $24.86 million company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $0.22 price target is reached, the company will be worth $3.48 million 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 148,977 shares traded hands or 105.13% up from the average. Canada Carbon Inc (CVE:CCB) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

More notable recent Canada Carbon Inc (CVE:CCB) news were published by: Seekingalpha.com which released: “Canada Carbon Should Become Canada Marble” on May 16, 2016, also Marketwired.com with their article: “Canada Carbon Appoints Former President of Industrial Materials at GrafTech …” published on October 30, 2015, Investingnews.com published: “Canada Carbon Summarizes PEA Work for Miller Graphite Project” on October 29, 2015. More interesting news about Canada Carbon Inc (CVE:CCB) were released by: Seekingalpha.com and their article: “A Visit To The Canada Carbon Miller Project: An Unusual And Possibly Unique …” published on January 11, 2015 as well as Investingnews.com‘s news article titled: “Dr. Pieter J. Barnard on Canada Carbon’s Miller Graphite” with publication date: December 15, 2015.

Canada Carbon Inc. is a Canada-based mining company. The company has a market cap of $24.86 million. The Company’s principal business is the acquisition, exploration and evaluation of mineral properties. It currently has negative earnings. The Firm operates in the acquisition and exploration of mineral properties in Canada segment.

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