What’s China Africa Resources PLC Downside After Today’s Huge Decline?

 What's China Africa Resources PLC Downside After Today's Huge Decline?

The stock of China Africa Resources PLC (LON:CAF) is a huge mover today! The stock increased 18.46% or GBX 1.2 on November 16, hitting GBX 7.7. About 394,542 shares traded hands or 6907.85% up from the average. China Africa Resources PLC (LON:CAF) has risen 100.00% since April 18, 2016 and is uptrending. It has outperformed by 95.31% the S&P500.
The move comes after 8 months negative chart setup for the GBX 2.13 million company. It was reported on Nov, 16 by Barchart.com. We have GBX 6.78 PT which if reached, will make LON:CAF worth GBX 255,600 less.

China Africa Resources plc is a United Kingdom company, which is engaged in exploration and evaluation of mining assets. The company has a market cap of 2.13 million GBP. The Firm is involved in the exploration and development of base metals, primarily lead and zinc. It currently has negative earnings. The Firm is engaged in the evaluation of the Berg Aukas Mine, which is located near Grootfontein in Northern Namibia.

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