Brio Gold (BRIO) Shares Up 9.5%

Brio Gold Inc (TSE:BRIO) shot up 9.5% during mid-day trading on Friday . The stock traded as high as C$2.56 and last traded at C$2.53. 264,049 shares were traded during mid-day trading, an increase of 207% from the average session volume of 86,061 shares. The stock had previously closed at C$2.31.

Several brokerages have recently issued reports on BRIO. Canaccord Genuity lowered their price objective on shares of Brio Gold from C$3.75 to C$3.00 in a research note on Wednesday, October 25th. National Bank Financial decreased their price target on shares of Brio Gold from C$5.10 to C$4.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 25th. Finally, CIBC decreased their price target on shares of Brio Gold from C$3.50 to C$2.85 in a research note on Thursday, December 14th.

The stock has a market capitalization of $282.54 and a P/E ratio of -2.91.

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About Brio Gold

Brio Gold Inc, a mining company, engages in the exploration, extraction, processing, and mine reclamation of gold in Brazil. It holds four principle mining assets, including Pilar, Mineração Fazenda Brasileiro, Mineração Riacho dos Machados Ltda, and Santa Luz. The company was founded in 2014 and is headquartered in Toronto, Canada.

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