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Research analysts at Clarus Securities began coverage on shares of Royal Nickel (TSE:RNX) in a report released on Wednesday. The firm set a “speculative buy” rating on the stock.

Separately, analysts at Scotiabank upgraded shares of Royal Nickel to a “sector outperform” rating in a research note on Monday, April 14th.

Royal Nickel (TSE:RNX) remained flat at $0.66 during trading on Wednesday. 77,950 shares of the company’s stock traded hands. Royal Nickel has a 52 week low of $0.25 and a 52 week high of $0.75. The stock’s 50-day moving average is $0.6 and its 200-day moving average is $0.48. The company’s market cap is $62.3 million.

Royal Nickel Corporation (TSE:RNX) is an exploration-stage company.

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