The stock of Clean Seed Capital Group Ltd (CVE:CSX) gapped up by $0.005 today and has $0.85 target or 153.00% above today’s $0.34 share price. The 8 months technical chart setup indicates low risk for the $14.83M company. The gap was reported on Nov, 17 by Barchart.com. If the $0.85 price target is reached, the company will be worth $22.69M 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 40,000 shares traded hands or 474.14% up from the average. Clean Seed Capital Group Ltd (CVE:CSX) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More important recent Clean Seed Capital Group Ltd (CVE:CSX) news were published by: Midasletter.com which released: “Clean Seed Capital Group CEO Graeme Lempriere on Building 100 CX6 Seeders” on April 29, 2015, also Midasletter.com published article titled: “CEO Interview: Clean Seed Capital Group (TSX.V:CSX) CEO Graeme Lempriere”, Business.Financialpost.com published: “Canadian-listed firms sowing the seeds of next agri-tech revolution (DVR, CSX …” on April 07, 2016. More interesting news about Clean Seed Capital Group Ltd (CVE:CSX) was released by: Pehub.com and their article: “Safeguard Scientifics leads Series B round for T-Rex” with publication date: November 17, 2016.
Clean Seed Capital Group Ltd. is engaged in the commercial production and advancement of its CX-6 Smart Seeder, a seeding technology developed from its portfolio of intellectual property. The company has a market cap of $14.83 million. The Firm operates in the agriculture seeding equipment industry. It currently has negative earnings. The Firm acquires, creates, creates and develops its portfolio of intellectual property into smart technologies.