Storm Resources Ltd (SRX) Trading Down 5.8%

Storm Resources Ltd (TSE:SRX)’s share price was down 5.8% during trading on Wednesday . The company traded as low as C$3.25 and last traded at C$3.25. Approximately 9,734 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 47,646 shares. The stock had previously closed at C$3.45.

A number of equities analysts recently commented on SRX shares. National Bank Financial decreased their target price on shares of Storm Resources from C$5.75 to C$4.50 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Raymond James Financial, Inc. cut shares of Storm Resources from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets decreased their target price on shares of Storm Resources to C$4.50 and set a “market perform” rating on the stock in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$5.58.

The stock’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.80.

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About Storm Resources

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