Capricorn Metals (OTCMKTS:CRNLF) Shares Down 2.2% – Should You Sell?

Capricorn Metals Ltd (OTCMKTS:CRNLF)’s stock price was down 2.2% during mid-day trading on Thursday . The company traded as low as C$9.02 and last traded at C$9.02. 150 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,075 shares. The stock had previously closed at C$9.22.

Wall Street Analyst Weigh In

CRNLF has been the subject of a number of research reports. UBS Group started coverage on Capricorn Metals in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 target price for the company. The Goldman Sachs Group downgraded shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target on the stock. in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Capricorn Metals has an average rating of “Moderate Buy”.

Capricorn Metals Stock Down 2.2%

The stock has a fifty day moving average price of C$9.37 and a 200 day moving average price of C$9.26.

Capricorn Metals Company Profile

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.