The stock of Bevo Agro Inc (CVE:BVO) reached all time high today, Nov, 18 and still has $3.21 target or 134.00% above today’s $1.37 share price. This indicates more upside for the $38.69M company. This technical setup was reported by Barchart.com. If the $3.21 PT is reached, the company will be worth $51.84 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock last traded at $1.37 per share. It is up 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
Bevo Agro Inc. is engaged in the propagation of plants in North America, providing greenhouses, field farms, nurseries, and wholesalers across the continent with plants. The company has a market cap of $38.69 million. The Firm operates through the segment of propagation and production of greenhouse products. It has a 12.41 P/E ratio. It operates approximately 45 acres of propagation greenhouse facilities on approximately 100 acres of land in Milner, British Colombia and approximately 20 acres of land in Pitt Meadows, British Colombia.
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