Cobalt 27 Capital Corp (KBLT) Insider Acquires C$4,620,000.00 in Stock

Cobalt 27 Capital Corp (CVE:KBLT) insider Vladimir Iorich purchased 700,000 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was purchased at an average cost of C$6.60 per share, for a total transaction of C$4,620,000.00.

CVE KBLT traded down C$0.28 on Friday, hitting C$6.32. The stock had a trading volume of 285,900 shares, compared to its average volume of 190,772. Cobalt 27 Capital Corp has a 52-week low of C$4.76 and a 52-week high of C$14.00.

Several equities analysts have issued reports on KBLT shares. Canaccord Genuity cut their price target on shares of Cobalt 27 Capital from C$22.50 to C$15.50 in a report on Thursday, September 6th. BMO Capital Markets cut their price target on shares of Cobalt 27 Capital from C$16.00 to C$15.00 in a report on Thursday, September 20th. Finally, TD Securities cut their price target on shares of Cobalt 27 Capital from C$18.00 to C$13.00 and set a “buy” rating on the stock in a report on Thursday, September 13th.

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About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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