GMV Minerals (CVE:GMV) has been assigned a C$1.03 price target by equities research analysts at Fundamental Research in a report released on Friday. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 456.76% from the company’s previous close.
The analysts wrote, “Fundamental Research Corp has issued a report entitled “GMV Minerals Inc (TSXV: GMV) – Expands Resource by 22.5% / PEA Expected in October ” and dated September 17, 2018. The full report is now at www.researchfrc.com.
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Shares of GMV traded up C$0.02 during mid-day trading on Friday, reaching C$0.19. 16,000 shares of the stock traded hands, compared to its average volume of 38,419. GMV Minerals has a 1 year low of C$0.17 and a 1 year high of C$0.40.
About GMV Minerals
GMV Minerals Inc, an exploration stage company, engages in the sourcing and exploration of mineral properties in Arizona. The company primarily explores for gold deposits. It holds a 100% interest in the Mexican Hat Project covering approximately 1,845 acres of area located in Cochise County, Arizona.
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