The stock of Grande West Transportation Group Inc (CVE:BUS) hit a new 52-week high and has $1.81 target or 5.00% above today’s $1.72 share price. The 9 months bullish chart indicates low risk for the $101.46M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $1.81 price target is reached, the company will be worth $5.07 million 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 289,601 shares traded hands. Grande West Transportation Group Inc (CVE:BUS) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
Grande West Transportation Group Inc. is a Canada bus manufacturer. The company has a market cap of $101.46 million. The Firm is engaged in manufacturing of the Vicinity branded transit buses. It currently has negative earnings. The Firm operates in two divisions: bus manufacturing and sales, and the sale of parts for the Vicinity buses in operation.
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