Capricorn Metals (OTCMKTS:CRNLF) Trading 12.7% Higher – Time to Buy?

Capricorn Metals Ltd (OTCMKTS:CRNLF)’s share price was up 12.7% during mid-day trading on Friday . The stock traded as high as C$6.48 and last traded at C$6.48. Approximately 402 shares were traded during trading, a decline of 39% from the average daily volume of 661 shares. The stock had previously closed at C$5.75.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRNLF shares. Canaccord Genuity Group set a $8.70 target price on shares of Capricorn Metals in a report on Tuesday, March 18th. The Goldman Sachs Group upgraded shares of Capricorn Metals to a “buy” rating in a research note on Thursday, April 3rd.

Capricorn Metals Stock Performance

The stock’s 50 day moving average is C$5.63 and its 200-day moving average is C$4.93.

Capricorn Metals Company Profile

Capricorn Metals Ltd engages in the evaluation, exploration, development, and production of gold properties in Australia. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia; and the Mt Gibson Gold Project located in the Murchison region of Western Australia.