Copper Mountain Mining (TSE:CMMC) Trading 10.1% Higher

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Copper Mountain Mining Co. (TSE:CMMCGet Rating)’s stock price traded up 10.1% during mid-day trading on Thursday . The company traded as high as C$1.76 and last traded at C$1.74. 223,036 shares were traded during trading, a decline of 83% from the average session volume of 1,311,550 shares. The stock had previously closed at C$1.58.

A number of research analysts have issued reports on the stock. Cormark restated an “outperform” rating and set a C$5.50 target price (down previously from C$6.00) on shares of Copper Mountain Mining in a research report on Monday, May 2nd. TD Securities reduced their price target on shares of Copper Mountain Mining from C$5.00 to C$4.50 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Scotiabank reduced their price target on shares of Copper Mountain Mining from C$4.50 to C$3.00 in a research report on Thursday. BMO Capital Markets reduced their price target on shares of Copper Mountain Mining from C$4.75 to C$4.50 in a research report on Wednesday, April 27th. Finally, CIBC reduced their price target on shares of Copper Mountain Mining from C$4.75 to C$4.50 in a research report on Monday, May 2nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$4.46.

The company has a debt-to-equity ratio of 73.85, a current ratio of 1.94 and a quick ratio of 1.49. The stock has a market cap of C$357.01 million and a price-to-earnings ratio of 5.95. The business’s 50-day simple moving average is C$2.32 and its two-hundred day simple moving average is C$3.16.

In related news, Senior Officer Letitia Wong bought 10,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were purchased at an average price of C$2.75 per share, for a total transaction of C$27,500.00. Following the completion of the transaction, the insider now directly owns 283,500 shares of the company’s stock, valued at approximately C$779,625. Also, Director William Albert Washington purchased 35,000 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were acquired at an average cost of C$2.85 per share, with a total value of C$99,820.00. Following the purchase, the director now directly owns 460,000 shares of the company’s stock, valued at approximately C$1,311,920. Insiders acquired 52,000 shares of company stock worth $144,820 in the last 90 days.

Copper Mountain Mining Company Profile (TSE:CMMC)

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. Its flagship asset is the Copper Mountain mine that comprise 138 crown granted mineral claims, 149 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702 hectares located to the south of Princeton, British Columbia.

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