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.
COPYRIGHT VIOLATION NOTICE: “Storm Resources Ltd (SRX) Trading Down 5.8%” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/27/storm-resources-ltd-srx-trading-down-5-8.html.
About Storm Resources
Receive News & Ratings for Storm Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Storm Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.