Centamin (CELTF) Lowered to “Hold” at Zacks Investment Research
Centamin (OTCMKTS:CELTF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “
Shares of Centamin (CELTF) traded down $0.10 during trading hours on Wednesday, hitting $2.05. The stock had a trading volume of 3,000 shares, compared to its average volume of 3,384. Centamin has a 1 year low of $1.66 and a 1 year high of $2.40. The company has a market capitalization of $2,480.00, a P/E ratio of 10.79 and a beta of 0.33.
Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte dIvoire, United Kingdom, and Australia. The company explores for gold ore deposits. It primarily holds interest in the Sukari Gold Mine project, which covers an area of 160 square kilometers located in the south-easterly region of the Eastern Desert, Egypt.
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