Evolution Mining (OTCMKTS:CAHPF) Stock Price Up 9.5% – Here’s What Happened

Shares of Evolution Mining Limited (OTCMKTS:CAHPF) were up 9.5% during trading on Wednesday . The company traded as high as $12.30 and last traded at $11.8750. Approximately 6,096 shares were traded during trading, a decline of 59% from the average daily volume of 14,961 shares. The stock had previously closed at $10.8450.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Evolution Mining to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Evolution Mining currently has an average rating of “Hold”.

Evolution Mining Trading Up 9.5%

The stock has a 50-day moving average price of $9.09 and a 200 day moving average price of $7.37.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.