Cobalt 27 Capital Corp (CVE:KBLT) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$5.54 and last traded at C$5.81, with a volume of 149351 shares traded. The stock had previously closed at C$5.98.
Several research analysts have issued reports on the stock. National Bank Financial set a C$15.00 price objective on shares of Cobalt 27 Capital and gave the stock an “outperform” rating in a research report on Friday, June 29th. Cormark lifted their target price on shares of Cobalt 27 Capital from C$16.30 to C$16.60 in a report on Thursday, May 31st. TD Securities lifted their target price on shares of Cobalt 27 Capital from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Monday, May 28th. Scotiabank lifted their target price on shares of Cobalt 27 Capital from C$15.25 to C$17.50 and gave the company an “outperform” rating in a report on Thursday, May 24th. Finally, Canaccord Genuity lifted their target price on shares of Cobalt 27 Capital from C$16.50 to C$18.00 in a report on Thursday, May 24th.
In other news, Director Nicholas French bought 10,000 shares of the stock in a transaction dated Monday, July 23rd. The shares were acquired at an average price of C$7.56 per share, with a total value of C$75,600.00. In the last ninety days, insiders bought 22,700 shares of company stock worth $174,912.
About Cobalt 27 Capital (CVE:KBLT)
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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