Storm Resources Ltd (TSE:SRX)’s share price was down 4.6% on Friday . The company traded as low as C$3.67 and last traded at C$3.52. Approximately 80,400 shares changed hands during mid-day trading, an increase of 224% from the average daily volume of 24,817 shares. The stock had previously closed at C$3.69.

Several equities analysts have recently commented on the company. BMO Capital Markets reduced their target price on Storm Resources to C$4.50 and set a “market perform” rating for the company in a research note on Wednesday, August 16th. Raymond James Financial, Inc. cut Storm Resources from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, National Bank Financial reduced their target price on Storm Resources from C$5.75 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$5.58.

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Storm Resources Company Profile

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