The stock of MBAC Fertilizer Corp (CVE:MBC) hit a new 52-week high and has $3.10 target or 7.00% above today’s $2.90 share price. The 9 months bullish chart indicates low risk for the $5.28M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $3.10 price target is reached, the company will be worth $369,600 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 6,017 shares traded hands. MBAC Fertilizer Corp (CVE:MBC) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More notable recent MBAC Fertilizer Corp (CVE:MBC) news were published by: Marketwatch.com which released: “TSX Delisting Review – MBAC Fertilizer Corp. (symbol:MBC MBC.WT)” on April 06, 2016, also Marketwatch.com with their article: “MBAC Fertilizer Corp.” published on November 16, 2016, Marketwatch.com published: “TSX Delisting Review – MBAC Fertilizer Corp. (symbol:MBC and MBC.WT)” on June 24, 2016. More interesting news about MBAC Fertilizer Corp (CVE:MBC) were released by: Reuters.com and their article: “BRIEF-MBAC Fertilizer announces court approval of Brazilian restructuring …” published on September 07, 2016 as well as Benzinga.com‘s news article titled: “MBAC Fertilizer Corp. Acquires Shares of GB Minerals Ltd.” with publication date: October 29, 2016.
MBAC Fertilizer Corp. is a Canada-based company, which is engaged in the mining, production and exploration of phosphate fertilizers in the Brazilian market. The company has a market cap of $5.28 million. The Firm operates the Itafos Arraias Single Super Phosphate Operations. It currently has negative earnings. The Company’s divisions include Operations, Development and Exploration, and Corporate.
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