Mako Mining (CVE:MKO) Trading Down 1.2% – Here’s Why

Mako Mining (CVE:MKO)’s share price was down 1.2% during mid-day trading on Friday . The company traded as low as C$10.73 and last traded at C$10.87. Approximately 18,449 shares were traded during mid-day trading, a decline of 86% from the average session volume of 135,623 shares. The stock had previously closed at C$11.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus set a C$20.00 price target on shares of Mako Mining and gave the stock a “speculative buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$20.00.

Mako Mining Price Performance

The stock has a market capitalization of C$951.83 million, a PE ratio of 19.76 and a beta of 1.80. The company has a 50 day moving average price of C$11.00 and a 200-day moving average price of C$10.05.

About Mako Mining

Capri Holdings Limited designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company’s Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings.