Volta Resources Rating Lowered to Tender at Scotiabank (VTR)
Volta Resources (TSE:VTR) was downgraded by investment analysts at Scotiabank from a “sector perform” rating to a “tender” rating in a note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a C$0.43 price target on the stock, down from their previous price target of C$0.50. Scotiabank’s price objective would indicate a potential upside of 10.26% from the company’s current price.
Shares of Volta Resources (TSE:VTR) traded down 3.70% during mid-day trading on Tuesday, hitting $0.39. 4,502,354 shares of the company’s stock traded hands. Volta Resources has a one year low of $0.11 and a one year high of $0.65. The stock has a 50-day moving average of $0.1 and a 200-day moving average of $0.23. The company’s market cap is $60.6 million.
Volta Resources Inc (TSE:VTR) is an exploration and development company focused on properties in West Africa.
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