A Reversal for North American Energy Partners Inc. Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for North American Energy Partners Inc. Is Not Near. The Stock Reaches 52 Week High Today

The stock of North American Energy Partners Inc. (TSE:NOA) hit a new 52-week high and has $6.33 target or 33.00% above today’s $4.76 share price. The 6 months bullish chart indicates low risk for the $138.20 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $6.33 price target is reached, the company will be worth $45.61M 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. About 58,249 shares traded hands. North American Energy Partners Inc. (TSE:NOA) has risen 61.29% since April 15, 2016 and is uptrending. It has outperformed by 57.43% the S&P500.

More news for North American Energy Partners Inc. (TSE:NOA) were recently published by: Seekingalpha.com, which released: “North American Energy Partners’ (NOA) CEO Martin Ferron on Q3 2016 Results …” on November 02, 2016. Seekingalpha.com‘s article titled: “North American Energy Partners’ (NOA) CEO Martin Ferron on Q2 2016 Results …” and published on August 07, 2016 is yet another important article.

North American Energy Partners Inc. provides a range of mining and heavy construction services. The company has a market cap of $138.20 million. The Firm offers its services to clients in the resource development and industrial construction sectors, within Western Canada. It currently has negative earnings. The Firm provides construction and activities support services through various stages of an oil sands project’s lifecycle.

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