The stock of Bearing Resources Ltd (CVE:BRZ) reached all time high today, Nov, 29 and still has $0.54 target or 8.00% above today’s $0.50 share price. This indicates more upside for the $9.88M company. This technical setup was reported by Barchart.com. If the $0.54 PT is reached, the company will be worth $790,400 more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 58,280 shares traded hands or 4.94% up from the average. 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 important 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 published article titled: “Bearing Resources Announces Closing of Private Placement”, 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) was released by: Marketwired.com and their article: “Bearing Enters into Purchase Agreement for Commander Transaction” with publication date: June 23, 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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