Canaccord Genuity Lowers Xinergy Price Target to C$0.30 (XRG)
Stock analysts at Canaccord Genuity dropped their target price on shares of Xinergy (TSE:XRG) from C$0.40 to C$0.30 in a report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 7.14% from the stock’s previous close.
Xinergy (TSE:XRG) traded up 3.57% on Tuesday, hitting $0.29. The stock had a trading volume of 16,675 shares. Xinergy has a 52-week low of $0.13 and a 52-week high of $0.96. The stock’s 50-day moving average is $0.27 and its 200-day moving average is $0.4. The company’s market cap is $15.9 million.
Xinergy Ltd. (TSE:XRG) is engaged in coal mining in eastern Kentucky, West Virginia, and Virginia.
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