Excelsior Mining Corp.’s Stock Is Buy After Reaching 52-Week High

 Excelsior Mining Corp.'s Stock Is Buy After Reaching 52 Week High

The stock of Excelsior Mining Corp. (CVE:MIN) hit a new 52-week high and has $0.61 target or 9.00% above today’s $0.56 share price. The 9 months bullish chart indicates low risk for the $91.92 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $0.61 price target is reached, the company will be worth $8.27M 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 355,272 shares traded hands or 283.57% up from the average. Excelsior Mining Corp. (CVE:MIN) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Excelsior Mining Corp. (CVE:MIN) news were published by: Seekingalpha.com which released: “Excelsior Mining – Cheap Copper In Arizona” on March 16, 2014, also Seekingalpha.com with their article: “Excelsior Mining: Near-Term Copper Production In Arizona” published on May 13, 2016, Pehub.com published: “Excelsior raises $14 mln in private placement” on November 25, 2016. More interesting news about Excelsior Mining Corp. (CVE:MIN) were released by: Investorintel.com and their article: “Excelsior Mining – Copper Star Rising?” published on March 01, 2016 as well as Prnewswire.com‘s news article titled: “Excelsior Mining to Webcast, Live, at VirtualInvestorConferences.com’s OTCQX …” with publication date: September 28, 2016.

Excelsior Mining Corp. is a Canada-based company, which is in the process of exploring and evaluating its exploration and evaluation assets. The company has a market cap of $91.92 million. The Company’s segment is the acquisition, exploration and evaluation of mineral properties in North America. It has a 33.76 P/E ratio. The Firm is conducting exploration and evaluation activities related to the Gunnison Copper Project located within the copper porphyry belt of Arizona.

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