The stock of Terra Firma Capital Corporation (CVE:TII) gapped up by $0.02 today and has $1.67 target or 188.00% above today’s $0.58 share price. The 6 months technical chart setup indicates low risk for the $34.25M company. The gap was reported on Nov, 17 by Barchart.com. If the $1.67 price target is reached, the company will be worth $64.39 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 98,050 shares traded hands or 23.11% up from the average. Terra Firma Capital Corporation (CVE:TII) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More notable recent Terra Firma Capital Corporation (CVE:TII) news were published by: Marketwired.com which released: “Terra Firma Capital Corporation Announces First Transaction in Partnership …” on November 03, 2015, also Marketwired.com with their article: “Terra Firma Capital Corporation Announces Acceptance by TSX Venture Exchange …” published on October 31, 2016, Marketwired.com published: “Terra Firma Capital Corporation Reports Financial Results for the Third …” on November 11, 2016. More interesting news about Terra Firma Capital Corporation (CVE:TII) were released by: Marketwired.com and their article: “Terra Firma Capital Corporation Appoints Glenn Watchorn as President and Chief …” published on November 04, 2014 as well as Marketwired.com‘s news article titled: “Terra Firma Capital Corporation Announces Block Trade and Change in Board of …” with publication date: October 09, 2013.
Terra Firma Capital Corp is a Canada real estate finance firm that provides customized debt and equity solutions to the real estate industry. The company has a market cap of $34.25 million. The Firm focuses on providing real estate financings secured by investment properties and real estate developments throughout Canada and the United States. It has a 9.01 P/E ratio. These financings are made to real estate developers and owners who require shorter-term loans to bridge a transitional period of 1 to 5 years where they require capital at various stages of development or redevelopment of a property.
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