Nevada Copper (TSE:NCU) had its price target trimmed by Haywood Securities from C$0.60 to C$0.25 in a research note released on Tuesday morning, BayStreet.CA reports.
Separately, National Bank Financial cut shares of Nevada Copper from an outperform rating to a sector perform rating and decreased their price target for the company from C$0.70 to C$0.30 in a report on Monday.
NCU stock opened at C$0.18 on Tuesday. The company has a debt-to-equity ratio of 40.71, a current ratio of 0.40 and a quick ratio of 0.37. Nevada Copper has a 52-week low of C$0.14 and a 52-week high of C$0.45. The company has a 50-day moving average of C$0.25 and a two-hundred day moving average of C$0.27. The stock has a market capitalization of $140.96 million and a price-to-earnings ratio of -30.00.
About Nevada Copper
Nevada Copper Corp., a development stage mining company, engages in the identification, acquisition, exploration, and development of copper and other mineral properties in Nevada. It explores for copper, gold, silver, and iron ores. The company holds 100% interest in the Pumpkin Hollow copper property that consists of a contiguous 27 square mile land package comprising private lands, patented, and unpatented mineral claims located in north-western Nevada.
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