Klondex Mines Ltd (KLDX) Shares Up 2.9%
Klondex Mines Ltd (NASDAQ:KLDX)’s share price shot up 2.9% during mid-day trading on Wednesday . The stock traded as high as $5.67 and last traded at $5.66, with a volume of 215,009 shares trading hands. The stock had previously closed at $5.50.
Several research firms have recently commented on KLDX. Scotiabank cut Klondex Mines from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 13th. Zacks Investment Research raised Klondex Mines from a “sell” rating to a “hold” rating and set a $5.00 target price for the company in a research note on Wednesday, July 13th. BMO Capital Markets reissued a “hold” rating on shares of Klondex Mines in a research note on Thursday, September 15th. Finally, Canaccord Genuity cut Klondex Mines from a “buy” rating to a “hold” rating in a research note on Thursday, September 15th.
The stock has a market capitalization of $851.54 million and a P/E ratio of 53.45. The company’s 50 day moving average is $5.28 and its 200-day moving average is $3.96.
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About Klondex Mines
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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