Ecobalt Solutions (ECS) Downgraded by TD Securities to Hold
TD Securities downgraded shares of Ecobalt Solutions (TSE:ECS) from a speculative buy rating to a hold rating in a research report sent to investors on Wednesday morning. The brokerage currently has C$0.45 target price on the stock, down from their previous target price of C$0.80.
Separately, Eight Capital dropped their target price on shares of Ecobalt Solutions from C$2.50 to C$1.70 in a research report on Tuesday, January 8th.
ECS opened at C$0.41 on Wednesday. The company has a market cap of $65.62 million and a P/E ratio of -12.42. Ecobalt Solutions has a 1 year low of C$0.25 and a 1 year high of C$1.74.
eCobalt Solutions Inc engages in the exploration and development of mineral properties in Canada, the United States, and Mexico. It primarily explores for base and precious metals, and uranium, as well as copper, gold, silver, lead, and zinc deposits. The company owns 100% interest in its primary asset, the Idaho Cobalt project that includes a mine/mill site located in Lemhi County, Idaho, producing battery grade cobalt salts for rechargeable battery and renewable energy sectors.
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