Calibre Mining Corp. (TSE:CXB)’s stock price was down 6.1% during trading on Thursday . The company traded as low as C$1.38 and last traded at C$1.39. Approximately 94,195 shares changed hands during trading, a decline of 89% from the average daily volume of 864,873 shares. The stock had previously closed at C$1.48.
A number of equities analysts have recently commented on CXB shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Calibre Mining in a report on Friday, October 1st. Pi Financial reduced their price objective on shares of Calibre Mining to C$2.50 and set a “buy” rating for the company in a report on Wednesday, December 8th. Finally, Raymond James reaffirmed a “buy” rating and set a C$2.25 price objective on shares of Calibre Mining in a report on Friday, January 7th.
The firm has a market cap of C$622.64 million and a price-to-earnings ratio of 5.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.67 and a current ratio of 2.89. The business’s 50-day moving average is C$1.38 and its 200-day moving average is C$1.49.
About Calibre Mining (TSE:CXB)
Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in Nicaragua. The company primarily explores for gold, silver, and copper deposits. It holds 100% interests in the El Limon and La Libertad gold mines, the Pavon gold project, and other mineral concessions in Nicaragua; and the Borosi Gold-Silver-Copper project located in the North Atlantic Autonomous Region of Nicaragua, Central America The company was formerly known as TLC Ventures Corp.
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