Klondex Mines Ltd (NYSEAMERICAN:KLDX) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 14,609,091 shares, a growth of 3.7% from the October 13th total of 14,089,136 shares. Currently, 8.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,017,376 shares, the days-to-cover ratio is presently 14.4 days.
A number of equities analysts have commented on KLDX shares. Zacks Investment Research raised shares of Klondex Mines from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Friday, July 21st. Roth Capital reaffirmed a “buy” rating and issued a $5.25 price objective on shares of Klondex Mines in a report on Wednesday, October 4th. HC Wainwright reaffirmed a “buy” rating and issued a $6.25 price objective on shares of Klondex Mines in a report on Friday, October 20th. TheStreet downgraded shares of Klondex Mines from a “c” rating to a “d+” rating in a report on Friday, November 10th. Finally, BidaskClub downgraded shares of Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Klondex Mines currently has a consensus rating of “Hold” and an average target price of $5.00.
In related news, Director Blair Albert Schultz purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of $3.17 per share, with a total value of $79,250.00. Following the completion of the transaction, the director now owns 113,333 shares of the company’s stock, valued at $359,265.61. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 36,000 shares of company stock valued at $103,890 in the last three months.
Klondex Mines (NYSEAMERICAN:KLDX) opened at $2.55 on Friday. Klondex Mines has a 1-year low of $2.16 and a 1-year high of $5.91.
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About Klondex Mines
Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.
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