Could LEXAGENE HOLDINGS INC See a Reversal After Breaking Its 52-Week Low?

 Could LEXAGENE HOLDINGS INC See a Reversal After Breaking Its 52 Week Low?

The stock of LEXAGENE HOLDINGS INC (CVE:LXG) hit a new 52-week low and has $0.23 target or 13.00% below today’s $0.26 share price. The 8 months bearish chart indicates high risk for the $6.19 million company. The 1-year low was reported on Nov, 17 by Barchart.com. If the $0.23 price target is reached, the company will be worth $804,700 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 53,000 shares traded hands or 1059900.00% up from the average. LEXAGENE HOLDINGS INC (CVE:LXG) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

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