The stock of Churchill Mining Plc (LON:CHL) hit a new 52-week high and has GBX 66.07 target or 78.00% above today’s GBX 37.12 share price. The 9 months bullish chart indicates low risk for the GBX 71.32M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 66.07 price target is reached, the company will be worth GBX 55.63M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.34% or GBX 0.12 on November 17, hitting GBX 37.12. About 2.84M shares traded hands or 548.46% up from the average. Churchill Mining Plc (LON:CHL) has risen 72.94% since April 20, 2016 and is uptrending. It has outperformed by 68.32% the S&P500.
More notable recent Churchill Mining Plc (LON:CHL) news were published by: Fool.Co.Uk which released: “What’s Next For Churchill Mining Plc?” on August 14, 2015, also Uk.Finance.Yahoo.com with their article: “Churchill Mining Plc (CHL.L)” published on March 16, 2014, Fool.Co.Uk published: “Why Shares In Churchill Mining Plc Soared By A Third Today” on June 08, 2015. More interesting news about Churchill Mining Plc (LON:CHL) were released by: Fool.Co.Uk and their article: “Are Castleton Technology PLC & Churchill Mining Plc More Likely To Double In …” published on September 30, 2015 as well as Fool.Co.Uk‘s news article titled: “Are AIM Darlings Churchill Mining Plc, Tern PLC And San Leon Energy Plc Worth …” with publication date: April 21, 2016.
Churchill Mining Plc is a United Kingdom company, which is engaged in the progress of the claim in international arbitration against the Republic of Indonesia for breaches of Indonesia’s obligations under the Bilateral Investment Treaty between the United Kingdom and the Republic of Indonesia and the Australia-Indonesia Bilateral Investment Treaty. The company has a market cap of 71.32 million GBP. The Company’s principal activity and focus is arbitration claim. It currently has negative earnings. The Company’s divisions include the Indonesian and Australian corporate offices, which are administrative cost centers.
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