Shares of Ecobalt Solutions Inc (TSE:ECS) rose 17.5% on Tuesday . The company traded as high as C$0.75 and last traded at C$0.74. Approximately 207,677 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 524,048 shares. The stock had previously closed at C$0.63.
ECS has been the topic of a number of recent analyst reports. Canaccord Genuity reduced their target price on Ecobalt Solutions from C$1.80 to C$0.90 in a research note on Thursday, September 6th. TD Securities cut their price target on Ecobalt Solutions from C$2.25 to C$1.35 and set a “speculative buy” rating on the stock in a research note on Friday, September 14th.
Ecobalt Solutions (TSE:ECS) last announced its quarterly earnings results on Monday, August 13th. The company reported C($0.01) EPS for the quarter.
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About Ecobalt Solutions (TSE:ECS)
eCobalt Solutions Inc engages in the exploration and development of mineral properties in Canada, the United States, and Mexico. It primarily explores for base and precious metals, and uranium, as well as copper, gold, silver, lead, and zinc deposits. The company owns 100% interest in its primary asset, the Idaho Cobalt project that includes a mine/mill site located in Lemhi County, Idaho, producing battery grade cobalt salts for rechargeable battery and renewable energy sectors.
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