Shares of Chalice Mining Limited (OTC:CGMLF – Get Free Report) fell 18.9% on Friday . The company traded as low as $1.50 and last traded at $1.50. 30,417 shares changed hands during mid-day trading, an increase of 242% from the average session volume of 8,894 shares. The stock had previously closed at $1.85.
Analyst Ratings Changes
Separately, UBS Group upgraded Chalice Mining to a “buy” rating and set a $2.75 price objective on the stock in a research note on Monday, January 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $2.75.
Check Out Our Latest Research Report on Chalice Mining
Chalice Mining Trading Down 18.9%
About Chalice Mining
Chalice Mining Limited operates as a mineral exploration and evaluation company. It explores for gold, copper, cobalt, palladium, platinum, and nickel deposits. The company has interest in the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. Chalice Mining Limited was incorporated in 2005 and is based in West Perth, Australia.
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