Carpathian Gold Rating Lowered to Underperform at Stonecap Securities (CPN)
Carpathian Gold (TSE:CPN) was downgraded by Stonecap Securities to an “underperform” rating in a research note issued on Monday, AnalystRatings.Net reports. They currently have a C$0.05 price target on the stock, down from their previous price target of C$0.20. Stonecap Securities’ price objective indicates a potential downside of 28.57% from the stock’s previous close.
Carpathian Gold (TSE:CPN) traded down 14.29% during mid-day trading on Monday, hitting $0.06. The stock had a trading volume of 2,210,132 shares. Carpathian Gold has a one year low of $0.045 and a one year high of $0.345. The stock has a 50-day moving average of $0.09 and a 200-day moving average of $0.1. The company has a market cap of $41.7 million and a price-to-earnings ratio of 7.00.
Carpathian Gold Inc (TSE:CPN), along with its subsidiaries, is an exploration and development company focused on gold exploration primarily on its property in Romania, as well as gold exploration and development of the Riacho dos Machados gold project in Brazil.
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