The stock of Darnley Bay Resources Limited (CVE:DBL) hit a new 52-week high and has $0.34 target or 3.00% above today’s $0.33 share price. The 8 months bullish chart indicates low risk for the $23.25 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $0.34 price target is reached, the company will be worth $697,500 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 368,450 shares traded hands or 90.48% up from the average. Darnley Bay Resources Limited (CVE:DBL) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More notable recent Darnley Bay Resources Limited (CVE:DBL) news were published by: Marketwired.com which released: “Darnley Bay Resources Limited Announces Grant of Options” on July 04, 2016, also Cbc.ca with their article: “Darnley Bay to buy Tamerlane’s Pine Point mine property” published on October 26, 2016, Marketwired.com published: “Darnley Bay Resources Discovers Large Magneto-Telluric Anomaly” on October 15, 2013. More interesting news about Darnley Bay Resources Limited (CVE:DBL) were released by: Stockhouse.com and their article: “IIROC Trade Resumption – Darnley Bay Resources Limited” published on October 20, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Darnley Bay Resources Determines Biogeochemistry to be an Effective …” with publication date: October 27, 2016.
Darnley Bay Resources Limited is an exploration-stage company. The company has a market cap of $23.25 million. The Firm is engaged in exploring and developing base metal and other deposits related to the approximately 50 kilometers x 80 kilometers, 132- milligal Darnley Bay gravity anomaly near Paulatuk, Northwest Territories, Canada. It currently has negative earnings. In addition, the Company is engaged in diamond exploration with Diadem Resources Ltd. on jointly held claims, which encompass diamondiferous kimberlite pipes.
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