Brio Gold Inc. (BRIO) Shares Down 1.5%

Brio Gold Inc. (TSE:BRIO) shares were down 1.5% during mid-day trading on Tuesday . The company traded as low as C$2.05 and last traded at C$2.08. Approximately 61,022 shares traded hands during trading, an increase of 17% from the average daily volume of 52,259 shares. The stock had previously closed at C$2.05.

A number of equities analysts recently weighed in on BRIO shares. CIBC dropped their price target on Brio Gold from C$4.25 to C$3.50 in a research note on Thursday, October 26th. Canaccord Genuity dropped their price target on Brio Gold from C$4.00 to C$3.75 in a research note on Friday, September 29th. Finally, National Bank Financial dropped their price target on Brio Gold from C$4.50 to C$4.25 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st.

In related news, Director William Albert Washington purchased 56,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average price of C$1.80 per share, with a total value of C$100,800.00.

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Brio Gold Company Profile

Brio Gold Inc, a mining company, engages in the exploration, extraction, processing, and mine reclamation of gold in Brazil. It holds four principle mining assets, including Pilar, Mineração Fazenda Brasileiro, Mineração Riacho dos Machados Ltda, and Santa Luz. The company was founded in 2014 and is headquartered in Toronto, Canada.

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