Founders Metals (CVE:FDR) Given New C$9.00 Price Target at BMO Capital Markets

Founders Metals (CVE:FDR) had its price target lifted by analysts at BMO Capital Markets from C$8.00 to C$9.00 in a research report issued on Wednesday, BayStreet reports. BMO Capital Markets’ price objective indicates a potential upside of 32.16% from the company’s previous close.

Founders Metals Stock Performance

Shares of CVE FDR traded up C$0.01 during trading hours on Wednesday, hitting C$6.81. The stock had a trading volume of 62,692 shares, compared to its average volume of 218,337. The firm’s 50-day moving average price is C$5.30 and its two-hundred day moving average price is C$4.79. Founders Metals has a 52 week low of C$3.15 and a 52 week high of C$6.89. The company has a market capitalization of C$979.98 million, a P/E ratio of -61.91 and a beta of 2.20.

Insider Activity at Founders Metals

In other Founders Metals news, Director Vijay Kirpalani acquired 25,000 shares of Founders Metals stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of C$4.02 per share, with a total value of C$100,500.00. Following the purchase, the director owned 760,000 shares in the company, valued at approximately C$3,055,200. This trade represents a 3.40% increase in their ownership of the stock.