The stock of IWG Technologies Inc (CVE:IWG) hit a new 52-week high and has $0.43 target or 3.00% above today’s $0.42 share price. The 8 months bullish chart indicates low risk for the $15.71 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $0.43 price target is reached, the company will be worth $471,300 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 525,717 shares traded hands or 1297.77% up from the average. IWG Technologies Inc (CVE:IWG) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More news for IWG Technologies Inc (CVE:IWG) were recently published by: Reuters.com, which released: “BRIEF-IWG Technologies announces execution of arrangement agreement” on November 28, 2016. Theglobeandmail.com‘s article titled: “Entrepreneur prefers to invest in small-cap stocks and REITs” and published on September 03, 2016 is yet another important article.
IWG Technologies Inc. is a Canada-based firm engaged in aerospace and high-tech businesses. The company has a market cap of $15.71 million. The Company, through its subsidiary, International Water-Guard Industries Inc. , is engaged in the development, design, manufacture, sale and service of potable water treatment equipment, on-demand water heaters and water systems for international aviation customers. It has a 16.67 P/E ratio. IWG offers an aircraft water system solution in the form of its circulating potable water system.
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