The stock of Moovly Media Inc (CVE:MVY) hit a new 52-week high and has $0.39 target or 7.00% above today’s $0.37 share price. The 8 months bullish chart indicates low risk for the $53.92M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $0.39 price target is reached, the company will be worth $3.77M 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 1.65M shares traded hands or 2746.15% up from the average. Moovly Media Inc (CVE:MVY) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More notable recent Moovly Media Inc (CVE:MVY) news were published by: Marketwired.com which released: “Moovly Media Inc. Releases Highly Anticipated Mobile App.” on September 29, 2016, also Marketwatch.com with their article: “Moovly Media Announces Grant of Stock Options” published on August 04, 2016, Marketwired.com published: “Pantheon Ventures Completes Business Combination With Moovly NV and Changes …” on July 28, 2016. More interesting news about Moovly Media Inc (CVE:MVY) were released by: Marketwired.com and their article: “Moovly Media Appoints Kelsey Chin as Corporate Secretary” published on October 05, 2016 as well as Marketwired.com‘s news article titled: “Moovly adds over $10M USD in digital assets to its platform through …” with publication date: October 27, 2016.
Moovly Media Inc, formerly Pantheon Ventures Ltd, offers Moovly, a cloud multimedia platform that enables users to create engaging multimedia content. The company has a market cap of $53.92 million. The Firm sells its product to clients over the Internet through its cloud based digital media and content creation platform. It currently has negative earnings. Through Moovly, users choose from animated content libraries or templates in various styles, and can add their own images, movies and sounds to create videos and presentations.
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