The stock of Silver Run Acquisition Corporation (NASDAQ:SRAQ) hit a new 52-week high and has $22.74 target or 44.00% above today’s $15.79 share price. The 6 months bullish chart indicates low risk for the $742.00M company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $22.74 price target is reached, the company will be worth $326.48 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. About 226,735 shares traded hands. Silver Run Acquisition Corporation (NASDAQ:SRAQ) has risen 6.00% since August 31, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
Analysts await Silver Run Acquisition Corporation (SRAQ) to report earnings on November, 10.
According to Zacks Investment Research, “Silver Run Acquisition Corporation is an energy-focused special purpose entity formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Silver Run Acquisition Corporation is based in HOUSTON, United States.”
More notable recent Silver Run Acquisition Corporation (NASDAQ:SRAQ) news were published by: Prnewswire.com which released: “Silver Run Acquisition Corporation to Acquire Controlling Stake in Centennial …” on July 22, 2016, also Prnewswire.com with their article: “Silver Run Acquisition Corporation Announces the Separate Trading of its Class …” published on April 14, 2016, Prnewswire.com published: “Silver Run Acquisition Corporation Completes $500 Million Initial Public Offering” on February 29, 2016. More interesting news about Silver Run Acquisition Corporation (NASDAQ:SRAQ) were released by: Seekingalpha.com and their article: “Why My Oil Portfolio Just Acquired Some Silver Run Acquisition Corp” published on March 18, 2016 as well as Marketwatch.com‘s news article titled: “Silver Run Acquisition Corp. trading slightly above issue price in rare IPO” with publication date: February 24, 2016.
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