The stock of Strategem Capital Corp (CVE:SGE) hit a new 52-week high and has $1.97 target or 5.00% above today’s $1.88 share price. The 9 months bullish chart indicates low risk for the $6.60 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $1.97 price target is reached, the company will be worth $330,000 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 6,300 shares traded hands or 48361.54% up from the average. Strategem Capital Corp (CVE:SGE) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More notable recent Strategem Capital Corp (CVE:SGE) news were published by: Marketwired.com which released: “Strategem Announces Normal Course Issuer Bid” on June 24, 2016, also Theglobeandmail.com with their article: “The Globe and Mail” published on May 20, 2009, Investorintel.com published: “Ecclestone’s Mining Post-Mortems: How the Mighty Have Fallen” on June 25, 2015. More interesting news about Strategem Capital Corp (CVE:SGE) were released by: Theguardian.com and their article: “Capital gains tax cut gives £3000 to rich 0.3%, says Labour” published on March 27, 2016 as well as Wsj.com‘s news article titled: “The End of the Line For Famed Exchange” with publication date: June 18, 2012.
Strategem Capital Corporation is a Canada merchant bank involved in acquiring interests in and developing companies. The company has a market cap of $6.60 million. The Firm is engaged in pursuing equity investments and obtaining equity and/or debt financing as required to fund the search for and acquisition of such investments. It has a 2.6 P/E ratio.
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