Calibre Mining (TSE:CXB) Shares Up 8.1% - Here's What Happened

Shares of Calibre Mining Corp. (TSE:CXB - Get Free Report) rose 8.1% during trading on Wednesday . The stock traded as high as C$2.39 and last traded at C$2.39. Approximately 403,697 shares traded hands during trading, a decline of 63% from the average daily volume of 1,085,804 shares. The stock had previously closed at C$2.21.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CXB. Stifel Nicolaus dropped their price objective on Calibre Mining from C$5.00 to C$4.40 in a research note on Monday, October 21st. National Bankshares dropped their price target on Calibre Mining from C$4.00 to C$3.60 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. TD Securities cut their price target on Calibre Mining from C$3.50 to C$3.25 in a report on Wednesday, November 6th. National Bank Financial upgraded shares of Calibre Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group upped their target price on shares of Calibre Mining from C$2.75 to C$3.50 in a research note on Friday, October 4th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Calibre Mining presently has an average rating of "Buy" and a consensus price target of C$3.43.

Calibre Mining Trading Up 9.5 %

The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock has a market cap of C$1.91 billion, a P/E ratio of 17.29 and a beta of 2.08. The business's fifty day simple moving average is C$2.31 and its 200 day simple moving average is C$2.30.

Calibre Mining Company Profile

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.