Independent research and analysis values FORC at $1.17
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Prime Equity Research Conducts Independent Analysis on FORC, Assigns 12-Month Target Share Price of $1.17 Kipley J. Lytel, CFA, MBA, senior analyst with New York City-based Prime Equity Research has initiated coverage on Force Energy Corp. (FORC) with a 12-month stock target price and analyst’s rating, in a report dated November 8, 2010.
In the report, FORC was compared to its peers in the Lithium and Hydrocarbon Exploration and Development industry, and a number of factors, including the estimated reserve size of the newly discovered Lithium deposit, material and extraction costs, estimated potential market value, and much more.
After careful evaluation of all factors, and the appropriate due diligence, FORC was named a “Speculative Buy” by Lytel and Prime Equity Research. A 12-month target share price was calculated as the median of the lowest estimated price of $.70 and the highest estimated price of $1.64, bringing the final 12-month target price of FORC to $1.17 per share.
The full report includes important disclosures, disclaimers and analyst information. Investrend and Prime Equity Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and Prime Equity Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process.
FORC is currently trading in the lower $.30s range, and has plenty of room to grow! Take advantage of the early notice on this breaking news, and stake your claim of FORC while the getting is good, and the price is right. This independent evaluation is only exposing information and data that was already there, so it should only serve to underscore the strength of FORC as a long-term buy and hold.
Good luck and happy trading!
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