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.
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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