Shares of First Cobalt Corp (CVE:FCC) dropped 6.1% during trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 94,116 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 648,393 shares. The stock had previously closed at C$0.25.
FCC has been the topic of a number of research reports. Eight Capital cut their price objective on shares of First Cobalt from C$1.40 to C$1.35 in a research report on Wednesday, September 5th. Canaccord Genuity set a C$0.70 price objective on shares of First Cobalt and gave the stock a “speculative buy” rating in a research report on Tuesday, September 18th.
About First Cobalt (CVE:FCC)
First Cobalt Corp. engages in the acquisition and exploration of resource properties. The company's principal assets include the Greater Cobalt project, including the cobalt north, south, and central camps located in Ontario, Canada; and the Iron Creek project that is situated in Idaho, the United States.
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