Calibre Mining (TSE:CXB) Shares Up 8.1% – Here’s What Happened

Calibre Mining Corp. (TSE:CXB)’s share price traded up 8.1% during mid-day trading on Wednesday . The stock traded as high as C$2.39 and last traded at C$2.39. 403,697 shares were traded during trading, a decline of 63% from the average session volume of 1,085,804 shares. The stock had previously closed at C$2.21.

Analyst Ratings Changes

Several analysts have recently weighed in on CXB shares. Jefferies Financial Group increased their price target on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. National Bankshares lowered their price objective on Calibre Mining from C$4.00 to C$3.60 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. TD Securities reduced their target price on Calibre Mining from C$3.50 to C$3.25 in a research report on Wednesday, November 6th. National Bank Financial raised Calibre Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their target price on shares of Calibre Mining from C$5.00 to C$4.40 in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$3.43.

Calibre Mining Trading Up 7.7 %

The business has a 50 day moving average price of C$2.31 and a 200-day moving average price of C$2.30. The firm has a market capitalization of C$1.88 billion, a PE ratio of 17.00 and a beta of 2.08. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77.

About Calibre Mining

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.