The stock of Hempco Food and Fiber Inc (CVE:HEMP) hit a new 52-week low and has $0.66 target or 3.00% below today’s $0.68 share price. The 6 months bearish chart indicates high risk for the $21.50M company. The 1-year low was reported on Nov, 23 by Barchart.com. If the $0.66 price target is reached, the company will be worth $645,000 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 18,897 shares traded hands. Hempco Food and Fiber Inc (CVE:HEMP) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
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 $21.50 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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