The stock of Bearing Resources Ltd (CVE:BRZ) hit a new 52-week high and has $0.52 target or 4.00% above today’s $0.50 share price. The 5 months bullish chart indicates low risk for the $9.88M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $0.52 price target is reached, the company will be worth $395,200 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 45,780 shares traded hands. Bearing Resources Ltd (CVE:BRZ) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
More notable recent Bearing Resources Ltd (CVE:BRZ) news were published by: Juniorminingnetwork.com which released: “Bearing Resources Provides Update of Yukon HY-Jay Gold Property” on November 08, 2016, also Juniorminingnetwork.com with their article: “Bearing Resources Announces Closing of Private Placement” published on October 21, 2016, Juniorminingnetwork.com published: “Bearing Enters into Letter of Intent to Negotiate Acquisition of the Most …” on November 28, 2016. More interesting news about Bearing Resources Ltd (CVE:BRZ) were released by: Marketwired.com and their article: “Bearing Enters into Purchase Agreement for Commander Transaction” published on June 23, 2016 as well as Finance.Yahoo.com‘s news article titled: “Red Pine Exploration Discovers High-Grade Gold Bearing Tension Veins in the …” with publication date: November 29, 2016.
Bearing Resources Ltd. is a Canada-based precious and base metal exploration company. The company has a market cap of $9.88 million. The Firm has its projects located in British Columbia, the Yukon and Mexico. It currently has negative earnings. The Company’s properties include Pedro Property, Durango, Mexico; October Dome Property, British Columbia, Canada, and Yukon Properties.
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