Cobalt 27 Capital (CVE:KBLT) had its price target cut by TD Securities from C$18.00 to C$13.00 in a research note published on Thursday morning.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity upped their target price on shares of Cobalt 27 Capital from C$16.50 to C$18.00 in a research note on Thursday, May 24th. Numis Securities upped their target price on shares of Cobalt 27 Capital from C$16.00 to C$19.00 in a research note on Thursday, May 24th. BMO Capital Markets upped their target price on shares of Cobalt 27 Capital from C$17.50 to C$18.50 in a research note on Thursday, May 24th. Eight Capital upped their target price on shares of Cobalt 27 Capital from C$16.15 to C$17.50 in a research note on Thursday, May 24th. Finally, Cormark upped their target price on shares of Cobalt 27 Capital from C$16.30 to C$16.60 in a research note on Thursday, May 31st.

CVE KBLT opened at C$5.90 on Thursday. Cobalt 27 Capital has a twelve month low of C$4.86 and a twelve month high of C$14.00.

In other Cobalt 27 Capital news, Director Nicholas French acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were acquired at an average cost of C$7.56 per share, for a total transaction of C$75,600.00. Also, insider Martin Vydra acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was acquired at an average price of C$5.58 per share, for a total transaction of C$111,600.00. Insiders have bought 42,700 shares of company stock worth $286,512 over the last quarter.

About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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