Eloro Resources (CVE:ELO) PT Set at C$8.00 by Haywood Securities

Eloro Resources (CVE:ELOGet Rating) has been given a C$8.00 target price by analysts at Haywood Securities in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Haywood Securities’ price objective would suggest a potential upside of 104.08% from the stock’s current price.

Shares of CVE ELO traded down C$0.06 during trading hours on Tuesday, hitting C$3.92. 149,738 shares of the company’s stock were exchanged, compared to its average volume of 130,258. Eloro Resources has a 1-year low of C$3.06 and a 1-year high of C$5.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.02 and a quick ratio of 17.52. The stock has a market cap of C$245.25 million and a PE ratio of -46.12. The firm has a 50-day moving average of C$4.86.

In other news, Director Francis Sauve purchased 10,000 shares of the business’s stock in a transaction on Friday, April 22nd. The stock was purchased at an average price of C$4.51 per share, with a total value of C$45,100.00. Following the acquisition, the director now directly owns 1,755,575 shares in the company, valued at approximately C$7,917,643.25. Also, Director Alexander Horvath purchased 50,000 shares of the business’s stock in a transaction on Thursday, March 3rd. The stock was purchased at an average cost of C$4.65 per share, with a total value of C$232,500.00. Following the acquisition, the director now owns 195,000 shares in the company, valued at C$906,750.

About Eloro Resources (Get Rating)

Eloro Resources Ltd. engages in the exploration and development of mineral properties in Bolivia, Peru, and Quebec. It explores for gold, silver, copper, lead, zinc, tin, bismuth, indium, and other base metal properties. The company holds 99% interest in the Iska Iska Project, a polymetallic property consisting of one mineral concession totaling 900 hectares located in Potosi Department, southern Bolivia; and 82% interest in the La Victoria, a gold-silver property that consists of 16 mineral concessions covering an area of 8,933 hectares located in the North-Central Mineral Belt of Peru.

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