Could Zenyatta Ventures Ltd Change Direction After Today’s Huge Increase?

 Could Zenyatta Ventures Ltd Change Direction After Today's Huge Increase?

The stock of Zenyatta Ventures Ltd (CVE:ZEN) is a huge mover today! About 34,500 shares traded hands. Zenyatta Ventures Ltd (CVE:ZEN) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
The move comes after 8 months positive chart setup for the $59.25 million company. It was reported on Nov, 30 by Barchart.com. We have $1.11 PT which if reached, will make CVE:ZEN worth $5.33M more.

More notable recent Zenyatta Ventures Ltd (CVE:ZEN) news were published by: Marketwatch.com which released: “Zenyatta Ventures Ltd. Strengthens Technical Team With the Addition of …” on July 06, 2016, also Investingnews.com with their article: “Zenyatta Test Results from Dr. Arao Reveal Easy & High-Yield Conversion of …” published on November 30, 2016, Marketwired.com published: “Zenyatta & Ballard Power Systems Achieve Success on Performance Testing Using …” on March 29, 2016. More interesting news about Zenyatta Ventures Ltd (CVE:ZEN) were released by: Theglobeandmail.com and their article: “Zenyatta Ventures in a gently sloping decline” published on August 14, 2015 as well as Business.Financialpost.com‘s news article titled: “Why is this tiny firm — with no revenue nor income — Canada’s second-best …” with publication date: August 27, 2013.

Zenyatta Ventures Ltd. is a junior mineral exploration firm focused primarily on mineral deposits in Northern Ontario, Canada. The company has a market cap of $59.25 million. The Firm is engaged in exploring mining projects and holds an interest in exploration licenses on properties in the Arc of Fire area in Northern Ontario. It currently has negative earnings. The properties, located north of Lake Superior and west of James Bay in north-western Ontario, are unpatented, noncontiguous, and consist of approximately 10 blocks of claims , approximately 160 claims and over 2,360 claim units, totaling approximately 376.96 square kilometers and over 37,700 hectares (the Claims).

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