What’s Propelling LEXAGENE HOLDINGS INC to Reach All-Time Low?

 What's Propelling LEXAGENE HOLDINGS INC to Reach All Time Low?

The stock of LEXAGENE HOLDINGS INC (CVE:LXG) reached all time low today, Nov, 17 and still has $0.22 target or 14.00% below today’s $0.26 share price. This indicates more downside for the $6.19M company. This technical setup was reported by Barchart.com. If the $0.22 PT is reached, the company will be worth $866,600 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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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