Capricorn Metals (OTCMKTS:CRNLF) Trading Down 2.2% – Here’s What Happened

Capricorn Metals Ltd (OTCMKTS:CRNLF) traded down 2.2% during mid-day trading on Thursday . The stock traded as low as C$9.02 and last traded at C$9.02. 150 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,075 shares. The stock had previously closed at C$9.22.

Analysts Set New Price Targets

CRNLF has been the topic of a number of analyst reports. The Goldman Sachs Group cut Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price on the stock. in a research note on Wednesday, June 3rd. UBS Group started coverage on Capricorn Metals in a research note on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Capricorn Metals has an average rating of “Moderate Buy”.

Capricorn Metals Price Performance

The firm’s 50-day simple moving average is C$9.37 and its 200-day simple moving average is C$9.26.

About Capricorn Metals

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.