The stock of Hempco Food and Fiber Inc (CVE:HEMP) reached all time low today, Nov, 22 and still has $0.66 target or 6.00% below today’s $0.70 share price. This indicates more downside for the $23.75M company. This technical setup was reported by Barchart.com. If the $0.66 PT is reached, the company will be worth $1.43 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 62,135 shares traded hands. Hempco Food and Fiber Inc (CVE:HEMP) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
Another recent and important Hempco Food and Fiber Inc (CVE:HEMP) news was published by Business.Financialpost.com which published an article titled: “Stock exchange cracks down after stream of ‘shell’ companies make it to market” on March 07, 2016.
Hempco Food and Fiber Inc., formerly Genview Capital Corp., is a Canada company, which provides hemp seed foods for humans and animals. The company has a market cap of $23.75 million. The Firm is engaged in hemp seed food research and development, manufacturing, distribution and marketing. It currently has negative earnings. The Company’s products include Hemp Protein Powder, Hemp Seed Oil and Hulled Hemp Seed Nut.
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