Cobalt 27 Capital (KBLT) Price Target Raised to C$12.50 at Scotiabank

Cobalt 27 Capital (CVE:KBLT) had its price target increased by Scotiabank from C$11.00 to C$12.50 in a report published on Wednesday morning. The brokerage currently has an outperform rating on the stock.

Shares of Cobalt 27 Capital (KBLT) traded down C$0.12 during trading on Wednesday, hitting C$11.93. The company’s stock had a trading volume of 68,126 shares, compared to its average volume of 38,870. Cobalt 27 Capital has a one year low of C$0.06 and a one year high of C$13.75.

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About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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