The stock of Hunter Oil Corp (CVE:HOC) gapped up by $0.12 today and has $1.03 target or 3.00% above today’s $1.00 share price. The 5 months technical chart setup indicates low risk for the $8.07 million company. The gap was reported on Dec, 1 by Barchart.com. If the $1.03 price target is reached, the company will be worth $242,100 more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 13,500 shares traded hands or 192.52% 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 $8.07 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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