Chalice Mining (OTC:CGMLF) Trading Down 2.3% – What’s Next?

Chalice Mining Limited (OTC:CGMLF)’s stock price fell 2.3% during trading on Monday . The stock traded as low as $1.2210 and last traded at $1.2210. 7,105 shares were traded during trading, a decline of 17% from the average session volume of 8,554 shares. The stock had previously closed at $1.25.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CGMLF. Canaccord Genuity Group set a $3.70 target price on Chalice Mining in a research report on Thursday. UBS Group upgraded Chalice Mining to a “buy” rating and set a $2.75 price objective for the company in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $3.23.

Chalice Mining Stock Performance

The stock has a 50-day moving average of $1.52 and a 200 day moving average of $1.33.

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.