The stock of Nexoptic Technology Corp (CVE:NXO) hit a new 52-week high and has $0.73 target or 6.00% above today’s $0.69 share price. The 8 months bullish chart indicates low risk for the $40.86 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $0.73 price target is reached, the company will be worth $2.45M 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 348,525 shares traded hands or 125.71% up from the average. Nexoptic Technology Corp (CVE:NXO) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
More recent Nexoptic Technology Corp (CVE:NXO) news were published by: Marketwatch.com which released: “Nexoptic Technology Corp.” on July 04, 2016. Also Marketwired.com published the news titled: “Nexoptic and Spectrum Announce Lens Stack Depth to Aperture Ratio of Near 1:1 …” on February 29, 2016. Marketwired.com‘s news article titled: “Elissa Becomes Nexoptic, Change of Business Completed” with publication date: February 19, 2016 was also an interesting one.
NexOptic Technology Corp., formerly Elissa Resources Ltd. is a Canada technology company. The company has a market cap of $40.86 million. The Firm invests in the area of optical and lens technologies. It currently has negative earnings. The Company’s divisions include USA and Canada.
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