The stock of Metallic Minerals Corp (CVE:MMG) hit a new 52-week low and has $0.34 target or 3.00% below today’s $0.36 share price. The 7 months bearish chart indicates high risk for the $13.25M company. The 1-year low was reported on Nov, 30 by Barchart.com. If the $0.34 price target is reached, the company will be worth $397,500 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. About 83,000 shares traded hands or 214.78% up from the average. Metallic Minerals Corp (CVE:MMG) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More news for Metallic Minerals Corp (CVE:MMG) were recently published by: Reuters.com, which released: “BRIEF-Metallic Minerals Corp. appoints Tim Thiessen as CFO” on September 28, 2016. Marketwired.com‘s article titled: “Metallic Minerals Corp. Closes C$1.125 Million Flow-Through Private Placement …” and published on November 01, 2016 is yet another important article.
Metallic Minerals Corp, formerly Monster Mining Corp, is a Canada mineral exploration company. The company has a market cap of $13.25 million. The Firm is focused on the exploration of silver and gold projects in Canada’s Yukon Territory. It currently has negative earnings. The Firm controls over 66 square kilometers in the Keno Hill Silver District, which produces over 200 million ounces of high-grade silver.
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