Does Komet Resources Inc Have Any Gas After Today’s Huge Decline?

 Does Komet Resources Inc Have Any Gas After Today's Huge Decline?

The stock of Komet Resources Inc (CVE:KMT) is a huge mover today! About 32,500 shares traded hands. Komet Resources Inc (CVE:KMT) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 6 months negative chart setup for the $28.23M company. It was reported on Nov, 25 by Barchart.com. We have $0.44 PT which if reached, will make CVE:KMT worth $1.69M less.

More notable recent Komet Resources Inc (CVE:KMT) news were published by: Investingnews.com which released: “Komet Resources” on May 19, 2016, also Marketwired.com with their article: “Komet Completes a $4.7M Financing” published on July 18, 2016, Marketwired.com published: “Komet: Significant Increase in Gross Sales of Gold and Issuance of a Research …” on August 12, 2016. More interesting news about Komet Resources Inc (CVE:KMT) were released by: Investingnews.com and their article: “Eric Sprott Announces Acquisition of Securities of Metanor Resources Inc.” published on March 30, 2016 as well as Investingnews.com‘s news article titled: “Silver Spruce Resources Announces Grant of Stock Options” with publication date: September 23, 2016.

Komet Resources Inc. is a gold mining company, which is focused on exploration and production at its projects in Burkina Faso, West Africa. The company has a market cap of $28.23 million. The Company’s properties include GUIRO – BURKINA FASO and the Moussala exploration permit. It currently has negative earnings. The Moussala exploration permit is located in the Kenieba gold mining camp in the Republic of Mali, West Africa.

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