The stock of Hunter Oil Corp (CVE:HOC) reached all time high today, Dec, 1 and still has $1.26 target or 6.00% above today’s $1.19 share price. This indicates more upside for the $9.61 million company. This technical setup was reported by Barchart.com. If the $1.26 PT is reached, the company will be worth $576,600 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 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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