Will Point Loma Resources Ltd Go Down Anytime Soon?

 Will Point Loma Resources Ltd Go Down Anytime Soon?

The stock of Point Loma Resources Ltd (CVE:PLX) is a huge mover today! About 38,000 shares traded hands or 54.37% up from the average. Point Loma Resources Ltd (CVE:PLX) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 7 months positive chart setup for the $7.85M company. It was reported on Nov, 24 by Barchart.com. We have $0.36 PT which if reached, will make CVE:PLX worth $314,000 more.

More notable recent Point Loma Resources Ltd (CVE:PLX) news were published by: Benzinga.com which released: “Point Loma Resources Announces Third Quarter 2016 Financial and Operating Results” on November 24, 2016, also Marketwired.com with their article: “Point Loma Resources Ltd. & Madalena Energy Inc. Announce Closing of Asset …” published on June 29, 2016, Marketwired.com published: “Point Loma Resources Ltd. Will Open for Trading July 5, 2016 on TSXV” on July 04, 2016. More interesting news about Point Loma Resources Ltd (CVE:PLX) were released by: Finance.Yahoo.com and their article: “Point Loma Resources Announces Closing of Brokered Private Placement and Over …” published on October 26, 2016 as well as Marketwired.com‘s news article titled: “Point Loma Resources Announces Brokered Private Placement of CEE Flow-Through …” with publication date: September 26, 2016.

Point Loma Resources Ltd, formerly First Mountain Exploration Inc, is a Canada gas and oil exploration and development company. The company has a market cap of $7.85 million. The Firm focuses on conventional gas and oil reservoirs in Central Alberta, which covers approximately 175,000 acres. It currently has negative earnings. The Firm is engaged in acquiring, drilling and developing assets for horizontal multi-stage frac technology and exploit opportunities for secondary recovery.

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