Cobalt 27 Capital (KBLT) Reaches New 12-Month Low at $11.05
Cobalt 27 Capital Corp (CVE:KBLT)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$11.05 and last traded at C$11.02, with a volume of 63202 shares. The stock had previously closed at C$11.62.
KBLT has been the topic of a number of recent analyst reports. National Bank Financial set a C$14.25 price target on Cobalt 27 Capital and gave the stock an “outperform” rating in a research report on Friday, February 16th. Eight Capital increased their price target on Cobalt 27 Capital from C$15.90 to C$16.15 in a research report on Friday, February 23rd. BMO Capital Markets increased their price target on Cobalt 27 Capital from C$16.00 to C$17.50 in a research report on Friday, February 23rd. Scotiabank increased their target price on shares of Cobalt 27 Capital from C$13.25 to C$14.75 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, TD Securities raised their price target on shares of Cobalt 27 Capital from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Monday, February 26th.
About Cobalt 27 Capital
Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.
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