Founders Metals Inc. (CVE:FDR – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$6.92 and traded as high as C$7.15. Founders Metals shares last traded at C$7.15, with a volume of 156,183 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on FDR shares. Canadian Imperial Bank of Commerce upgraded shares of Founders Metals to a “strong-buy” rating in a research report on Friday, October 23rd. BMO Capital Markets lifted their target price on shares of Founders Metals from C$8.00 to C$9.00 in a research note on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$9.00.
View Our Latest Analysis on FDR
Founders Metals Price Performance
The company’s 50-day moving average price is C$6.92 and its two-hundred day moving average price is C$5.13. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of -65.00 and a beta of 2.39.
Insider Activity at Founders Metals
In other news, Director Vijay Kirpalani acquired 25,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were acquired at an average price of C$4.02 per share, for a total transaction of C$100,500.00. Following the completion of the transaction, the director directly owned 760,000 shares of the company’s stock, valued at approximately C$3,055,200. The trade was a 3.40% increase in their position.
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