After Today’s Huge Decline, Is Elcora Advanced Materials Corp’s Near-Term Analysis Negative?

The stock of Elcora Advanced Materials Corp (CVE:ERA) is a huge mover today! The stock decreased 3.85% or $0.02 on March 18, hitting $0.5. About 86,325 shares traded hands. Elcora Advanced Materials Corp (CVE:ERA) has risen 6.00% since February 18, 2016 and is uptrending. It has outperformed by 8.18% the S&P500. The move comes after 9 months negative chart setup for the $36.80 million company. It was reported on Mar, 19 by Barchart.com. We have $0.44 PT which if reached, will make CVE:ERA worth $4.42 million less.

Elcora Advanced Materials Corp, formerly Elcora Resources Corp, is a Canada graphite and graphene company. The company has a market cap of $36.80 million. The Firm mines, processes, refines graphite, as well as produces both the graphene and end-graphene applications. It currently has negative earnings. The Firm focuses on material research and production.

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