Desjardins Cuts Founders Advantage Capital (FCF) Price Target to C$3.25
Founders Advantage Capital (CVE:FCF) had its target price decreased by Desjardins from C$3.50 to C$3.25 in a research report sent to investors on Tuesday. Desjardins also issued estimates for Founders Advantage Capital’s FY2017 earnings at $0.02 EPS and FY2018 earnings at $0.10 EPS.
Shares of Founders Advantage Capital (CVE FCF) opened at C$2.00 on Tuesday. Founders Advantage Capital has a 1 year low of C$1.89 and a 1 year high of C$4.10.
In related news, insider Global Opportunitie Harrington purchased 200,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of C$2.37 per share, for a total transaction of C$474,000.00. Also, insider Global Limited Harrington purchased 136,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price of C$2.10 per share, for a total transaction of C$285,600.00. In the last quarter, insiders acquired 364,000 shares of company stock worth $819,520.
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About Founders Advantage Capital
Founders Advantage Capital Corp. operates as an investment issuer. The firm invests in equity, debt, or other securities of publicly traded companies or middle market privately held entities; and offers financing services in exchange for pre-determined royalties or distributions. It does not invest in commodities, energy, and natural resources.
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