The stock of Canadian Zeolite Corp (CVE:CNZ) reached all time high today, Dec, 1 and still has $1.10 target or 6.00% above today’s $1.04 share price. This indicates more upside for the $26.04 million company. This technical setup was reported by Barchart.com. If the $1.10 PT is reached, the company will be worth $1.56 million 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 560,954 shares traded hands or 59.22% up from the average. Canadian Zeolite Corp (CVE:CNZ) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
Another recent and important Canadian Zeolite Corp (CVE:CNZ) news was published by Marketwatch.com which published an article titled: “Canadian Zeolite Corp.” on November 07, 2016.
Canadian Zeolite Corp., formerly Canadian Mining Company Inc., is an exploration-stage company, which is engaged in the evaluation, acquisition, exploration, development and operation of mineral properties in British Columbia and Arizona, the United States. The company has a market cap of $26.04 million. The Company’s property interest is its Bromley Creek Zeolite Project, which consists of a mineral lease and over six mineral claims. It currently has negative earnings. The Company’s mineral claims include Bromley #4, Bromley #5, Bromley #6, Bromley #1, Bromley #2 and Bromley #3.
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