Cobalt 27 Capital (CVE:KBLT) had its price objective reduced by stock analysts at Eight Capital from C$17.50 to C$15.00 in a note issued to investors on Monday. Eight Capital’s price objective suggests a potential upside of 154.67% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Cobalt 27 Capital from C$16.00 to C$15.00 in a research note on Thursday, September 20th. TD Securities decreased their price target on shares of Cobalt 27 Capital from C$18.00 to C$13.00 and set a “buy” rating for the company in a research note on Thursday, September 13th. Finally, Canaccord Genuity decreased their price target on shares of Cobalt 27 Capital from C$22.50 to C$15.50 in a research note on Thursday, September 6th.

Shares of Cobalt 27 Capital stock opened at C$5.89 on Monday. Cobalt 27 Capital has a 52-week low of C$4.76 and a 52-week high of C$14.00.

In related news, insider Martin Vydra acquired 20,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were bought at an average price of C$5.58 per share, with a total value of C$111,600.00. Also, insider Vladimir Iorich acquired 700,000 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were bought at an average cost of C$6.60 per share, for a total transaction of C$4,620,000.00. In the last three months, insiders have acquired 725,000 shares of company stock worth $4,756,700.

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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