RE:nice coverage! Stock of Canadian Zeolite Corp (CVE:CNZ) hit a new 52-week high and has $1.05 target or 162.00% above today’s $0.40 share price. The 6 months bullish chart indicates low risk for the $7.97 million company. The 1-year high was reported on Aug, 1 by Barchart.com. If the $1.05 price target is reached, the company will be worth $12.91 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 increased 15.94% or $0.055 on July 29, hitting $0.4. About 671,667 shares traded hands or 180.78% up from the average. Canadian Zeolite Corp (CVE:CNZ) has risen 6.00% since July 2, 2016 and is uptrending. It has outperformed by 0.70% the S&P500.
Canadian Zeolite Corp, formerly Canadian Mining Co Inc, is a Canada company, which is engaged in the evaluation, acquisition, exploration, development and operation of mineral properties in British Columbia and Arizona, the United States. The company has a market cap of $7.97 million. In British Columbia, the Company has interests in Bromley Creek zeolite project, which consists of a total of approximately one mineral lease and approximately six mineral claims. It currently has negative earnings. The Firm holds a contiguous claim, 305975, which is located in the Similkameen Mining District of British Columbia.