Medicure Inc on Focus After Trading At All-Time Highs

 Medicure Inc on Focus After Trading At All Time Highs

The stock of Medicure Inc (CVE:MPH) reached all time high today, Nov, 18 and still has $17.94 target or 133.00% above today’s $7.70 share price. This indicates more upside for the $123.72M company. This technical setup was reported by Barchart.com. If the $17.94 PT is reached, the company will be worth $164.55 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. About 117,961 shares traded hands or 613.83% up from the average. Medicure Inc (CVE:MPH) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.

More important recent Medicure Inc (CVE:MPH) news were published by: Streetinsider.com which released: “Medicure (MCUJF) Unit to Acquire Majority Stake in Apicore” on November 18, 2016, also Midasletter.com published article titled: “S&P/TSX Venture Composite Index Movers: GoldMoney Inc., Medicure Inc …”, Seekingalpha.com published: “Undervalued And Underfollowed; Medicure Is My Favorite Pharma Small Cap” on February 17, 2016. More interesting news about Medicure Inc (CVE:MPH) was released by: Seekingalpha.com and their article: “FDA rejects Medicure’s application for expanded use of Aggrastat” with publication date: July 08, 2016.

Medicure Inc. is a pharmaceutical firm engaged in the research, clinical development and commercialization of human therapeutics. The company has a market cap of $123.72 million. The Firm operates in the biopharmaceutical industry segment. It has a 27.14 P/E ratio. The Company’s primary operating focus is on the sale and marketing of its acute care cardiovascular drug, AGGRASTAT (tirofiban hydrochloride) owned by its subsidiary, Medicure International, Inc. and distributed in the United States and its territories through the Company’s United States subsidiary, Medicure Pharma, Inc.

MPH.V Company Profile

Medicure Inc. (Medicure), incorporated on February 23, 2000, is a pharmaceutical firm engaged in the research, clinical development and commercialization of human therapeutics. The Firm operates in the biopharmaceutical industry segment. The Company’s primary operating focus is on the sale and marketing of its acute care cardiovascular drug, AGGRASTAT (tirofiban hydrochloride) owned by its subsidiary, Medicure International, Inc. and distributed in the United States and its territories through the Company’s United States subsidiary, Medicure Pharma, Inc. The Firm is also engaged in the development of TARDOXAL for neurological disorders, such as Tardive Dyskinesia (TD).

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