The stock of NEW PACIFIC HOLDINGS CORP (CVE:NUX) hit a new 52-week high and has $0.70 target or 7.00% above today’s $0.65 share price. The 9 months bullish chart indicates low risk for the $43.51M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $0.70 price target is reached, the company will be worth $3.05 million 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. The stock last traded at $0.65 per share. It is up 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
More important recent NEW PACIFIC HOLDINGS CORP (CVE:NUX) news were published by: Juniorminingnetwork.com which released: “New Pacific Reports 2016 Annual General Meeting Results” on November 30, 2016, also Marketwired.com published article titled: “New Pacific Appoints Vice-President, Corporate Development”, Marketwired.com published: “Early Warning News Release: New Pacific Acquires A 12.4% Stake in Aton …” on August 08, 2016. More interesting news about NEW PACIFIC HOLDINGS CORP (CVE:NUX) was released by: Marketwired.com and their article: “New Pacific Grants Stock Options” with publication date: November 02, 2016.
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