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StockTargets Inc.: Investor targets increase on Indocan Resources, Inc. stock (Pink Sheets: IDCN) following a recent analyst recommendation
May 16, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA -- StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Indocan Resources, Inc. (Pink Sheets: IDCN) , following a new recommendation. Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich http://www.ttszurich.com. Investors now forecast the stock rising to approximately US$ 0.0189 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0162 recently.
Based upon their recommendation, the share price has recently moved from US$ 0.0021 to US$ 0.0033. The 12 months target by TTS Zurich for the stock is US$ 0.05. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=idcn.pk.
Targets indicators on stock are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Indocan Resources, Inc. website is www.indocan.com.
Indocan Resources is an independent crude oil & natural gas producer.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc. Tel: +41 22 700 7648
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
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