Shares of Trevali Mining Co. (OTCMKTS:TREVF) rose 7.7% during trading on Wednesday . The company traded as high as $0.16 and last traded at $0.16. Approximately 148,246 shares changed hands during trading, a decline of 5% from the average daily volume of 156,678 shares. The stock had previously closed at $0.15.
Several research firms have issued reports on TREVF. Raymond James raised their price target on shares of Trevali Mining from $0.15 to $0.25 and gave the stock a “market perform” rating in a research report on Friday, January 15th. Scotiabank cut their target price on Trevali Mining from $0.25 to $0.20 and set an “underperform” rating for the company in a research report on Friday, February 26th. Finally, Canaccord Genuity restated a “hold” rating on shares of Trevali Mining in a research report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $0.22.
The business has a 50-day moving average price of $0.16 and a two-hundred day moving average price of $0.14.
About Trevali Mining (OTCMKTS:TREVF)
Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, lead, silver, gold, and copper deposits. Its operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; Caribou Mine in the Bathurst mining camp, northern New Brunswick, Canada; and Santander Mine in Peru.
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