Trevali Mining Co. (OTCMKTS:TREVF) rose 7.7% during mid-day trading on Wednesday . The stock traded as high as $0.16 and last traded at $0.16. Approximately 148,246 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 156,678 shares. The stock had previously closed at $0.15.
Several research firms recently commented on TREVF. Raymond James boosted their target price on Trevali Mining from $0.15 to $0.25 and gave the stock a “market perform” rating in a research note on Friday, January 15th. Scotiabank cut their target price on shares of Trevali Mining from $0.25 to $0.20 and set an “underperform” rating on the stock in a research note on Friday, February 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Trevali Mining in a report on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $0.22.
The firm has a 50-day moving average price of $0.16 and a two-hundred day moving average price of $0.14.
Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for zinc, lead, silver, gold, and copper deposits. Its operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; Caribou Mine in the Bathurst mining camp, northern New Brunswick, Canada; and Santander Mine in Peru.
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