Cobalt 27 Capital (CVE:KBLT) had its price target raised by analysts at Scotiabank from C$11.00 to C$12.50 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 3.73% from the stock’s current price.

Shares of Cobalt 27 Capital (CVE KBLT) traded up C$0.09 during trading on Wednesday, hitting C$12.05. The company had a trading volume of 89,870 shares, compared to its average volume of 38,655. Cobalt 27 Capital has a twelve month low of C$0.06 and a twelve month high of C$13.75.

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About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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