Will China Africa Resources PLC Go Down Anytime Soon?

 Will China Africa Resources PLC Go Down Anytime Soon?

The stock of China Africa Resources PLC (LON:CAF) is a huge mover today! The stock increased 11.11% or GBX 0.5 on November 30, hitting GBX 5. About 530,875 shares traded hands or 1906.18% up from the average. China Africa Resources PLC (LON:CAF) has declined 25.00% since April 29, 2016 and is downtrending. It has underperformed by 30.23% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.52M company. It was reported on Nov, 30 by Barchart.com. We have GBX 5.30 PT which if reached, will make LON:CAF worth GBX 91,200 more.

China Africa Resources plc is a United Kingdom company, which is engaged in exploration and evaluation of mining assets. The company has a market cap of 1.52 million GBP. The Firm is involved in the exploration and development of base metals, primarily lead and zinc. It currently has negative earnings. The Firm is engaged in the evaluation of the Berg Aukas Mine, which is located near Grootfontein in Northern Namibia.

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