The stock of Everest Ventures Inc (CVE:HOIL) gapped up by $0.04 today and has $1.58 target or 60.00% above today’s $0.99 share price. The 7 months technical chart setup indicates low risk for the $25.60 million company. The gap was reported on Nov, 17 by Barchart.com. If the $1.58 price target is reached, the company will be worth $15.36 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 20,600 shares traded hands or 278.26% up from the average. Everest Ventures Inc (CVE:HOIL) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More notable recent Everest Ventures Inc (CVE:HOIL) news were published by: Marketwired.com which released: “Everest Announces Completion of Private Placement” on June 10, 2016, also Blogs.Wsj.com with their article: “Everest Raises $2M for App to Help People Achieve Goals” published on October 17, 2013, Fortune.com published: “Now Anyone Can Climb Mount Everest in VR” on April 24, 2016. More interesting news about Everest Ventures Inc (CVE:HOIL) were released by: Fortune.com and their article: “Term Sheet — Monday, April 4” published on April 04, 2016 as well as Wsj.com‘s news article titled: “Energy-Storage Startup LightSail Plots Long-Term Game Plan” with publication date: February 22, 2016.
Everest Ventures Inc., formerly TAD Mineral Exploration Inc., is a mineral exploration company. The company has a market cap of $25.60 million. The Firm is engaged in business activities include acquiring and exploring exploration and evaluation assets. It currently has negative earnings. The Firm operates through the acquisition and exploration of mineral properties located in Canada business segment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.