The stock of Hunter Oil Corp (CVE:HOC) hit a new 52-week high and has $1.23 target or 3.00% above today’s $1.19 share price. The 9 months bullish chart indicates low risk for the $9.61M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $1.23 price target is reached, the company will be worth $288,300 more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,500 shares traded hands or 539.22% up from the average. Hunter Oil Corp (CVE:HOC) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
More important recent Hunter Oil Corp (CVE:HOC) news were published by: Prnewswire.com which released: “Enhanced Oil Resources Inc. Announces Name Change to Hunter Oil Corp.” on August 12, 2016, also Marketwired.com published article titled: “United Hunter Oil & Gas Corp. Enters Into Purchase Agreement With Due South …”, Marketwired.com published: “United Hunter Oil & Gas Corp. Announces the Addition of Dr. Arthur Halleran to …” on October 06, 2016. More interesting news about Hunter Oil Corp (CVE:HOC) was released by: Marketwired.com and their article: “United Hunter Oil & Gas Corp. Terminates Investment Agreement With Due South …” with publication date: August 03, 2016.
Hunter Oil Corp., formerly Enhanced Oil Resources Inc., is a natural resource company. The company has a market cap of $9.61 million. The Firm is engaged in the acquisition, development, operation and exploitation of natural gas and crude oil properties in the Permian Basin of New Mexico, the United States. It currently has negative earnings. The Firm operates through the natural gas and crude oil production and development segment.
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