The stock of Oronova Resource Corp (CVE:ONV) reached all time high today, Nov, 24 and still has $0.41 target or 9.00% above today’s $0.38 share price. This indicates more upside for the $7.97M company. This technical setup was reported by Barchart.com. If the $0.41 PT is reached, the company will be worth $717,300 more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 103,000 shares traded hands. Oronova Resource Corp (CVE:ONV) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More notable recent Oronova Resource Corp (CVE:ONV) news were published by: Reuters.com which released: “BRIEF-Oronova Resource Corp appoints Duncan Nightingale as CEO” on November 15, 2016, also Marketwatch.com with their article: “Oronova Resource Corp. announces change of board of directors” published on November 15, 2016, Juniorminingnetwork.com published: “Rise Resources Appoints John Anderson as Director” on August 31, 2016. More interesting news about Oronova Resource Corp (CVE:ONV) were released by: Juniorminingnetwork.com and their article: “Sandy Lake Gold Announces Management Change, Corporate Update and Grant of Options” published on October 19, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Resource Capital Gold Closes $4.6 Million Private Placement” with publication date: October 14, 2016.
Oronova Resource Corp. is a Canada-based development-stage company. The company has a market cap of $7.97 million. The Company’s principal business activities include the exploration of minerals in its mineral properties. It currently has negative earnings. The Firm is engaged in exploration for gold and other metals.
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