Ecobalt Solutions Inc (TSE:ECS)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.29 and traded as low as $0.25. Ecobalt Solutions shares last traded at $0.26, with a volume of 34,138 shares trading hands.
Separately, TD Securities downgraded Ecobalt Solutions from a “speculative buy” rating to a “hold” rating and decreased their target price for the company from C$0.80 to C$0.45 in a research report on Wednesday, March 13th.
The stock has a market cap of $42.41 million and a P/E ratio of -1.57.
About Ecobalt Solutions (TSE:ECS)
eCobalt Solutions Inc engages in the exploration and development of mineral properties in Canada, the United States, and Mexico. It primarily explores for base and precious metals, and uranium, as well as copper, gold, silver, lead, and zinc deposits. The company owns 100% interest in its primary asset, the Idaho Cobalt project that includes a mine/mill site located in Lemhi County, Idaho, producing battery grade cobalt salts for rechargeable battery and renewable energy sectors.
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