Sabina Gold & Silver Corp (SBB) Shares Down 5.5%

Sabina Gold & Silver Corp (TSE:SBB) shares fell 5.5% during trading on Friday . The company traded as low as C$2.37 and last traded at C$2.41. 251,938 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 471,348 shares. The stock had previously closed at C$2.55.

A number of brokerages have commented on SBB. Royal Bank Of Canada increased their price objective on Sabina Gold & Silver Corp from C$1.25 to C$2.25 and gave the company a “sector perform” rating in a research report on Friday, June 9th. BMO Capital Markets increased their price objective on Sabina Gold & Silver Corp from C$1.70 to C$2.40 and gave the company an “outperform” rating in a research report on Wednesday, May 24th. Finally, TD Securities began coverage on Sabina Gold & Silver Corp in a research report on Friday, July 14th. They issued a “speculative buy” rating and a C$3.00 price objective on the stock.

The stock’s market cap is $536.84 million. The company’s 50-day moving average price is $2.31 and its 200 day moving average price is $1.89.

In other Sabina Gold & Silver Corp news, insider Sun Valley Gold Llc sold 574,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$2.53, for a total transaction of C$1,452,220.00.

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About Sabina Gold & Silver Corp

Sabina Gold & Silver Corp. is a precious metals company. The Company’s principal business activity is the exploration and development of mineral property interests. The Company’s principal assets are the Back River gold project and its silver royalty on the Hackett River project, both of which are located in Nunavut, Canada.

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