Capricorn Metals (OTCMKTS:CRNLF) Shares Up 12.7% – Should You Buy?

Capricorn Metals Ltd (OTCMKTS:CRNLF) shares shot up 12.7% on Friday . The stock traded as high as C$6.48 and last traded at C$6.48. 402 shares were traded during trading, a decline of 39% from the average session volume of 661 shares. The stock had previously closed at C$5.75.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRNLF. Canaccord Genuity Group set a $8.70 price objective on shares of Capricorn Metals in a research report on Tuesday, March 18th. The Goldman Sachs Group upgraded shares of Capricorn Metals to a “buy” rating in a report on Thursday, April 3rd.

Capricorn Metals Stock Up 12.7%

The business’s fifty day simple moving average is C$5.63 and its 200 day simple moving average is C$4.92.

About Capricorn Metals

Capricorn Metals Ltd engages in the evaluation, exploration, development, and production of gold properties in Australia. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia; and the Mt Gibson Gold Project located in the Murchison region of Western Australia.