Trevali Mining Corp (TSE:TV)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.19 and last traded at C$0.19, with a volume of 179413 shares changing hands. The stock had previously closed at C$0.20.
A number of research analysts recently issued reports on the company. Haywood Securities lowered Trevali Mining from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$0.80 to C$0.35 in a research report on Tuesday, July 23rd. BMO Capital Markets reduced their price objective on Trevali Mining from C$0.60 to C$0.55 in a research report on Thursday, June 27th. TD Securities lowered Trevali Mining from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$0.60 to C$0.30 in a research report on Monday, July 22nd. National Bank Financial reduced their price objective on Trevali Mining from C$0.60 to C$0.45 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, Cormark cut their target price on Trevali Mining from C$0.85 to C$0.65 in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$0.48.
The firm has a 50 day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.32. The company has a debt-to-equity ratio of 18.63, a quick ratio of 1.37 and a current ratio of 2.28. The stock has a market cap of $154.51 million and a P/E ratio of -0.54.
Trevali Mining Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Burkina Faso, Namibia, Canada, and Peru. It primarily explores for zinc, lead, silver, and copper deposits. The company owns interests in the Perkoa mine located in the Sanguie Province, Burkina Faso; Rosh Pinah mine located in southwestern Namibia; Caribou mine located to the west of Bathurst, New Brunswick, Canada; and Santander mine located to the northeast of Lima, Peru.
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