What’s Next for CI Resources Limited After Today’s Huge Increase?

 What's Next for CI Resources Limited After Today's Huge Increase?

The stock of CI Resources Limited (ASX:CII) is a huge mover today! The stock increased 4.48% or $0.09 on November 18, hitting $2.1. About 13,000 shares traded hands. CI Resources Limited (ASX:CII) has risen 5.00% since April 22, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.
The move comes after 9 months positive chart setup for the $220.65 million company. It was reported on Nov, 18 by Barchart.com. We have $5.31 PT which if reached, will make ASX:CII worth $337.59M more.

More notable recent CI Resources Limited (ASX:CII) news were published by: Fool.com.Au which released: “Joel Greenblatt’s Magic Formula – ASX style” on December 12, 2014, also Forbes.com with their article: “Volkswagen’s Emissiongate May Include Tax Crimes” published on October 09, 2015, Business.Financialpost.com published: “Canadian Natural Resources Ltd sells most of its royalty lands to PrairieSky …” on November 09, 2015. More interesting news about CI Resources Limited (ASX:CII) were released by: Theglobeandmail.com and their article: “Teck is best-performing Canadian stock in seven years” published on October 25, 2016 as well as Business.Financialpost.com‘s news article titled: “‘Virtually no drilling this summer’: Canada natural gas players fight for …” with publication date: April 05, 2016.

CI Resources Limited is engaged in mining, processing and sale of phosphate rock, phosphate dust and chalk. The company has a market cap of $220.65 million. The Firm is also involved in the provision of earthmoving, fuel pilotage, maintenance and stevedoring services to other Christmas Island organizations, and operating a palm oil estate, processing and sale of palm oil products. It has a 7.06 P/E ratio. The Firm operates through two divisions: Mining and Farming.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment