Capricorn Metals (OTCMKTS:CRNLF) Trading Up 9% – Here’s Why

Shares of Capricorn Metals Ltd (OTCMKTS:CRNLFGet Free Report) were up 9% during trading on Tuesday . The company traded as high as C$6.54 and last traded at C$6.54. Approximately 1,450 shares were traded during trading, an increase of 100% from the average daily volume of 726 shares. The stock had previously closed at C$6.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRNLF shares. The Goldman Sachs Group raised Capricorn Metals to a “buy” rating in a research note on Thursday, April 3rd. Canaccord Genuity Group set a $8.70 price target on Capricorn Metals in a research note on Tuesday, March 18th.

Check Out Our Latest Research Report on CRNLF

Capricorn Metals Stock Up 9.0%

The stock has a 50 day moving average of C$6.03 and a 200 day moving average of C$5.22.

About Capricorn Metals

(Get Free Report)

Capricorn Metals Ltd engages in the evaluation, exploration, development, and production of gold properties in Australia. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia; and the Mt Gibson Gold Project located in the Murchison region of Western Australia.

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