The stock of Leucrotta Exploration Inc (CVE:LXE) hit a new 52-week high and has $6.80 target or 192.00% above today’s $2.33 share price. The 6 months bullish chart indicates low risk for the $394.10 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $6.80 price target is reached, the company will be worth $756.67 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. About 1.03M shares traded hands or 208.39% up from the average. Leucrotta Exploration Inc (CVE:LXE) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
Leucrotta Exploration Inc (CVE:LXE) Ratings Coverage
Out of 4 analysts covering Leucrotta Exploration (CVE:LXE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $2.80 is the highest target while $1 is the lowest. The $2.01 average target is -13.73% below today’s ($2.33) stock price. Leucrotta Exploration has been the topic of 11 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Mackie given on Monday, November 30. The firm earned “Outperform” rating on Friday, November 27 by National Bank Canada. Desjardins Securities maintained Leucrotta Exploration Inc (CVE:LXE) on Tuesday, June 28 with “” rating. The stock of Leucrotta Exploration Inc (CVE:LXE) has “” rating given on Monday, June 6 by Raymond James.
More news for Leucrotta Exploration Inc (CVE:LXE) were recently published by: Marketwired.com, which released: “Leucrotta Exploration Inc. Announces Completion of Arrangement and Creation of …” on August 06, 2014. Marketwired.com‘s article titled: “Leucrotta Exploration to Trade on TSX Venture Exchange” and published on August 18, 2014 is yet another important article.
Leucrotta Exploration Inc. is an oil and natural gas company. The company has a market cap of $394.10 million. The Firm is engaged in the acquisition, development, exploration and production of oil and natural gas reserves in northeastern British Columbia, Canada. It currently has negative earnings. The Company’s primary areas of focus are in the Dawson-Sunrise area of northeast British Columbia.
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