The stock of Advantage Lithium Corp (CVE:AAL) gapped up by $0.01 today and has $1.34 target or 5.00% above today’s $1.28 share price. The 8 months technical chart setup indicates low risk for the $70.26M company. The gap was reported on Nov, 28 by Barchart.com. If the $1.34 price target is reached, the company will be worth $3.51 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 670,835 shares traded hands or 262.52% up from the average. Advantage Lithium Corp (CVE:AAL) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More important recent Advantage Lithium Corp (CVE:AAL) news were published by: Investingnews.com which released: “Nevada Sunrise Completes Transaction with Advantage Lithium Corp. on Nevada …” on August 29, 2016, also Investingnews.com published article titled: “Advantage Lithium”, Finance.Yahoo.com published: “Advantage Lithium Appoints Callum Grant to the Board of Directors” on October 26, 2016. More interesting news about Advantage Lithium Corp (CVE:AAL) was released by: Marketwatch.com and their article: “ASX/TSX Announcement: Orocobre partners with Advantage Lithium to explore and …” with publication date: November 23, 2016.
Advantage Lithium Corp. is a Canada resource company. The company has a market cap of $70.26 million. The Firm is focused on acquisition, exploration and development of lithium properties. It currently has negative earnings. The Firm has a portfolio of over 10 projects covering approximately 112,286 acres, in a range of mining jurisdictions.
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