Founders Metals (CVE:FDR) Trading 1% Higher – Time to Buy?

Shares of Founders Metals Inc. (CVE:FDR) shot up 1% during trading on Wednesday . The company traded as high as C$5.27 and last traded at C$5.10. 116,578 shares were traded during mid-day trading, a decline of 60% from the average session volume of 289,516 shares. The stock had previously closed at C$5.05.

Analysts Set New Price Targets

Separately, Cormark upgraded shares of Founders Metals to a “moderate buy” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$6.00.

Founders Metals Trading Up 13.1%

The company has a market cap of C$660.88 million, a price-to-earnings ratio of -43.85 and a beta of 1.51. The stock’s fifty day simple moving average is C$4.51 and its 200 day simple moving average is C$4.33.