The stock of Limitless Earth Plc (LON:LME) hit a new 52-week low and has GBX 2.35 target or 6.00% below today’s GBX 2.50 share price. The 6 months bearish chart indicates high risk for the GBX 2.13M company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 2.35 price target is reached, the company will be worth GBX 127,800 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 23.08% or GBX 0.75 on November 28, hitting GBX 2.5. Limitless Earth Plc (LON:LME) has declined 33.33% since April 28, 2016 and is downtrending. It has underperformed by 39.35% the S&P500.
Limitless Earth Plc is an investment company. The company has a market cap of 2.13 million GBP. The Firm focuses on making investments in and assisting companies that will generate returns through capital appreciation. It currently has negative earnings. The Firm invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change.
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