The stock of Distinct Infrastructure Group Inc (CVE:DUG) hit a new 52-week high and has $3.71 target or 147.00% above today’s $1.50 share price. The 5 months bullish chart indicates low risk for the $41.84M company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $3.71 price target is reached, the company will be worth $61.50 million 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 last traded at $1.5 per share. It is down 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
More notable recent Distinct Infrastructure Group Inc (CVE:DUG) news were published by: Finance.Yahoo.com which released: “Distinct Infrastructure Group Reports Record Revenue for Third Quarter of 2016” on November 17, 2016, also Marketwired.com with their article: “Distinct Infrastructure Group Inc. Completes $20M Acquisition Line with Crown …” published on November 25, 2015, Marketwired.com published: “Distinct Infrastructure Group Completes Consolidation” on September 02, 2016. More interesting news about Distinct Infrastructure Group Inc (CVE:DUG) were released by: Marketwired.com and their article: “Distinct Infrastructure Group Inc. (Formerly QE2 Acquisition Corp.) Announces …” published on October 28, 2015 as well as Marketwired.com‘s news article titled: “Distinct Infrastructure Group Amends Acquisition Line” with publication date: July 04, 2016.
Distinct Infrastructure Group Inc., formerly QE2 Acquisition Corp., is a utility and telecom infrastructure contractor with capabilities in design, engineering, construction, service and maintenance, and materials management. The company has a market cap of $41.84 million. The Firm focuses on the Ontario and Alberta economic landscape of opportunity in infrastructure, utilities and telecommunication. It has a 31.35 P/E ratio. The Company’s services include aerial construction, underground construction, technical services and 3rd party material management.
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