Mako Mining (CVE:MKO) Trading 6.9% Higher – Here’s What Happened

Mako Mining (CVE:MKO)’s stock price was up 6.9% on Tuesday . The company traded as high as C$10.69 and last traded at C$10.58. 177,770 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 127,882 shares. The stock had previously closed at C$9.90.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$20.00 target price on shares of Mako Mining and gave the company a “speculative buy” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Mako Mining presently has an average rating of “Buy” and an average price target of C$20.00.

Mako Mining Stock Up 5.6%

The company has a fifty day simple moving average of C$10.66 and a two-hundred day simple moving average of C$10.31. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 22.05 and a beta of 1.78.

About Mako Mining

Capri Holdings Limited designs, markets, distributes, and retails branded women’s and men’s apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company’s Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings.