Atico Mining (ATY) Reaches New 52-Week Low at $0.36
Shares of Atico Mining Corp (CVE:ATY) reached a new 52-week low on Monday . The stock traded as low as C$0.36 and last traded at C$0.38, with a volume of 10500 shares traded. The stock had previously closed at C$0.37.
Several analysts have weighed in on ATY shares. M Partners reissued a “buy” rating on shares of Atico Mining in a research note on Thursday, May 31st. Eight Capital lowered their price target on shares of Atico Mining from C$0.90 to C$0.75 in a research note on Monday, August 20th.
Atico Mining (CVE:ATY) last posted its quarterly earnings results on Tuesday, August 14th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$26.33 million during the quarter. Atico Mining had a net margin of 7.30% and a return on equity of 7.55%.
Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin America. The company also explores for silver deposits. Its principal project is the El Roble mine, which covers an area of 6,679 hectares located in Choco, Colombia. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.
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