CBM Asia Development (CVE:TCF) Cut to Hold at Ventum Cap Mkts

CBM Asia Development (CVE:TCF) was downgraded by equities researchers at Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

CBM Asia Development Stock Performance

CBM Asia Development has a 52 week low of C$14.58 and a 52 week high of C$25.70.

About CBM Asia Development

CBM Asia Development Corp. (CBMA) is a Canada-based unconventional gas company with coalbed methane (CBM) exploration and development opportunities in Indonesia. The Company holds various participating interests in five production sharing contracts (PSC) for CBM in Indonesia. The Company has operations in south Sumatra, which includes sekayu PSC; central Sumatra, which includes Hulu PSC and east Kalimantan, which includes Kutai-west PSC and Bentian besar PSC.