Fundamental Research set a C$0.46 price objective on GrowMax Resources (CVE:GRO) in a report issued on Thursday morning. The firm currently has a buy rating on the stock.

Shares of GrowMax Resources (GRO) opened at C$0.11 on Thursday. GrowMax Resources has a 12-month low of C$0.09 and a 12-month high of C$0.17. The firm has a market capitalization of $22.09, a PE ratio of -2.10 and a beta of 1.80.

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About GrowMax Resources

GrowMax Resources Corp, formerly Americas Petrogas Inc, is a Canada-based company that focuses on the exploration and development of phosphate and potassium-rich brine resources on its Bayovar Property. The Company’s Bayovar Property is located in the Sechura Desert in northwestern Peru, approximately 900 kilometers north of the Peruvian capital city, Lima, and approximately 200 kilometers south of the Ecuador border.

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