A Reversal for Macro Enterprises Inc. Is Not Near. The Stock Declines Again

 A Reversal for Macro Enterprises Inc. Is Not Near. The Stock Declines Again

The stock of Macro Enterprises Inc. (CVE:MCR) is a huge mover today! About 9,300 shares traded hands. Macro Enterprises Inc. (CVE:MCR) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 9 months negative chart setup for the $47.06 million company. It was reported on Nov, 28 by Barchart.com. We have $1.46 PT which if reached, will make CVE:MCR worth $1.41 million less.

More important recent Macro Enterprises Inc. (CVE:MCR) news were published by: Seekingalpha.com which released: “Macro Enterprises: A $36 Million Skeleton In The Closet?” on October 07, 2015, also Marketwired.com published article titled: “Macro Enterprises Inc. Announces 2015 Third Quarter Results”, Marketwired.com published: “Macro Enterprises Inc. Announces Date of Release of 2016 First Quarter Results …” on May 11, 2016. More interesting news about Macro Enterprises Inc. (CVE:MCR) was released by: Marketwired.com and their article: “Macro Enterprises Inc. Announces Changes to Management” with publication date: May 09, 2014.

Macro Enterprises Inc. is engaged in providing pipeline and facilities construction and pipeline repair services to companies in the gas and oil industry in western Canada. The company has a market cap of $47.06 million. The Firm performs a range of activities, including clearing and grading of the right-of-way, welding of the pipe to form a continuous pipeline, creating a ditch in which to bury the pipe and backfilling the ditch, among others. It currently has negative earnings. Pipeline repair is divided in two categories, emergency and planned work.

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