Atlantic Gold (AGB) Sets New 52-Week Low at $1.49

Atlantic Gold Corp (CVE:AGB) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$1.49 and last traded at C$1.52, with a volume of 100660 shares traded. The stock had previously closed at C$1.59.

Several research firms have recently commented on AGB. Pi Financial decreased their price objective on Atlantic Gold from C$2.60 to C$2.50 and set a “buy” rating on the stock in a research note on Friday, September 28th. Canaccord Genuity decreased their price objective on Atlantic Gold from C$3.50 to C$3.00 in a research note on Thursday, October 18th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$2.80.

The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 93.69.

Atlantic Gold (CVE:AGB) last released its earnings results on Wednesday, August 15th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.02). The company had revenue of C$35.89 million during the quarter. On average, equities research analysts predict that Atlantic Gold Corp will post 0.1800000072 EPS for the current fiscal year.

In other news, Director Donald Siemens purchased 70,000 shares of the business’s stock in a transaction on Monday, September 24th. The stock was acquired at an average price of C$1.67 per share, for a total transaction of C$116,900.00. Also, insider Ryan K. Beedie purchased 200,000 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were purchased at an average price of C$1.57 per share, with a total value of C$314,000.00. Insiders have purchased 380,000 shares of company stock valued at $606,900 in the last quarter.

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Atlantic Gold Company Profile (CVE:AGB)

Atlantic Gold Corporation engages in the acquisition, exploration, and development of gold properties in Canada. Its Touquoy Gold Project covers an area of approximately 1,760 hectares located in Nova Scotia; and holds 100% interest the in Beaver Dam Gold Project. The company was formerly known as Spur Ventures Inc and changed its name to Atlantic Gold Corporation in August 2014.

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