Founders Metals (CVE:FDR) Price Target Raised to C$9.00

Founders Metals (CVE:FDR) had its price target upped by BMO Capital Markets from C$8.00 to C$9.00 in a note issued to investors on Wednesday, BayStreet reports. BMO Capital Markets’ price target indicates a potential upside of 32.16% from the stock’s current price.

Founders Metals Trading Up 0.1%

FDR traded up C$0.01 during midday trading on Wednesday, reaching C$6.81. The company’s stock had a trading volume of 62,692 shares, compared to its average volume of 218,337. The stock has a market cap of C$979.98 million, a P/E ratio of -61.91 and a beta of 2.20. The company has a fifty day simple moving average of C$5.30 and a 200 day simple moving average of C$4.79. Founders Metals has a twelve month low of C$3.15 and a twelve month high of C$6.89.

Insider Transactions at Founders Metals

In related news, Director Vijay Kirpalani bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of C$4.02 per share, for a total transaction of C$100,500.00. Following the purchase, the director directly owned 760,000 shares in the company, valued at C$3,055,200. This trade represents a 3.40% increase in their ownership of the stock.