First Phosphate (NASDAQ:PHOS) Stock Rating Upgraded by Wall Street Zen

First Phosphate (NASDAQ:PHOS) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently commented on PHOS. Noble Financial raised shares of First Phosphate to a “strong-buy” rating in a report on Thursday, September 17th. Weiss Ratings began coverage on shares of First Phosphate in a research report on Wednesday, September 16th. They set a “sell (e+)” rating for the company. Finally, Zacks Research upgraded First Phosphate to a “hold” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

First Phosphate Price Performance

NASDAQ:PHOS opened at $16.15 on Friday. First Phosphate has a fifty-two week low of $12.82 and a fifty-two week high of $21.30.

About First Phosphate

First Phosphate Corp. is a Canadian mineral development company focused on building an integrated supply chain for lithium iron phosphate (LFP) batteries. The company’s activities include the exploration and development of phosphate mineral properties, the production of purified phosphoric acid and phosphoric salts, and the eventual manufacture of LFP cathode active material for use in lithium-ion batteries.

First Phosphate’s mineral projects are located in Quebec’s Saguenay–Lac-Saint-Jean region, an area with established hydroelectric power, transportation infrastructure and industrial resources.