What’s Next for Pure Acquisition Corp. (PACQ) After Touching 52-Week High?

The stock of Pure Acquisition Corp. (NASDAQ:PACQ) hit a new 52-week high and has $11.18 target or 9.00 % above today’s $10.26 share price. The 5 months bullish chart indicates low risk for the $530.96 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $11.18 price target is reached, the company will be worth $47.79 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.

It closed at $10.26 lastly. It is down 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.

More notable recent Pure Acquisition Corp. (NASDAQ:PACQ) news were published by: Finance.Yahoo.com which released: “Boxing champ Keith Thurman plans to beat Manny Pacquiao and the stock market – Yahoo Finance” on July 10, 2019, also Marketwatch.com with their article: “Regional bank stocks suffer broad selloff, led by those downgraded at Raymond James – MarketWatch” published on July 08, 2019, Globenewswire.com published: “Pure Acquisition Corp. Completes Upsized $414000000 Initial Public Offering – GlobeNewswire” on April 18, 2018. More interesting news about Pure Acquisition Corp. (NASDAQ:PACQ) were released by: Finance.Yahoo.com and their article: “Manny Pacquiao gives his thoughts on Saturday’s bout against Keith Thurman – Yahoo Finance” published on July 19, 2019 as well as Nasdaq.com‘s news article titled: “Pacquiao Loss Could be Hampering Philippines ETF – NASDAQ” with publication date: December 10, 2012.

Pure Acquisition Corp. focuses on the opportunities in the upstream gas and oil industry in North America. The company has market cap of $530.96 million.

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