Chalice Mining (OTCMKTS:CGMLF) Trading Down 9.1% – What’s Next?

Chalice Mining Limited (OTCMKTS:CGMLF)’s share price traded down 9.1% during trading on Friday . The company traded as low as $1.00 and last traded at $1.00. 808 shares were traded during trading, a decline of 90% from the average session volume of 8,004 shares. The stock had previously closed at $1.10.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Canaccord Genuity Group set a $3.70 price target on Chalice Mining in a research note on Thursday, February 19th. UBS Group raised Chalice Mining to a “buy” rating and set a $2.75 price target for the company in a research note on Monday, January 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $3.23.

Chalice Mining Stock Down 9.1%

The firm has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.29.

About Chalice Mining

Chalice Mining Limited operates as a mineral exploration and evaluation company. It explores for gold, copper, cobalt, palladium, platinum, and nickel deposits. The company has interest in the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. Chalice Mining Limited was incorporated in 2005 and is based in West Perth, Australia.