Founders Metals (CVE:FDR – Free Report) had its price target lifted by BMO Capital Markets from C$8.00 to C$9.00 in a research note released on Wednesday,BayStreet reports.
Founders Metals Price Performance
FDR opened at C$7.17 on Wednesday. The company has a market cap of C$1.03 billion, a price-to-earnings ratio of -65.18 and a beta of 2.20. The firm has a 50 day simple moving average of C$5.48 and a 200 day simple moving average of C$4.84. Founders Metals has a fifty-two week low of C$3.15 and a fifty-two week high of C$7.32.
Insider Buying and Selling
In other Founders Metals news, Director Vijay Kirpalani bought 25,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of C$4.02 per share, for a total transaction of C$100,500.00. Following the transaction, the director owned 760,000 shares of the company’s stock, valued at approximately C$3,055,200. The trade was a 3.40% increase in their position.
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