Capstone Mining (TSE:CS) Stock Passes Above 200-Day Moving Average of $0.62

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Capstone Mining Corp (TSE:CS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.62 and traded as high as $0.70. Capstone Mining shares last traded at $0.68, with a volume of 473,128 shares changing hands.

Several brokerages recently weighed in on CS. Cormark increased their target price on Capstone Mining from C$1.00 to C$1.15 in a report on Tuesday, January 28th. National Bank Financial lifted their price target on Capstone Mining from C$0.80 to C$1.10 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. BMO Capital Markets boosted their price objective on Capstone Mining from C$1.15 to C$1.25 in a research report on Thursday, February 13th. Finally, CIBC increased their price objective on Capstone Mining from C$0.90 to C$1.70 in a research note on Thursday, January 23rd.

The firm has a market cap of $288.03 million and a PE ratio of -3.78. The company has a debt-to-equity ratio of 24.82, a quick ratio of 1.03 and a current ratio of 2.42. The company’s 50-day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.62.

In other Capstone Mining news, Director Darren Murvin Pylot purchased 71,000 shares of Capstone Mining stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of C$0.70 per share, for a total transaction of C$49,700.00. Following the acquisition, the director now directly owns 2,620,822 shares in the company, valued at C$1,834,575.40. Also, Senior Officer Jason Paul Howe purchased 50,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of C$0.58 per share, with a total value of C$29,000.00. Following the transaction, the insider now directly owns 808,390 shares in the company, valued at C$468,866.20. In the last three months, insiders acquired 227,000 shares of company stock worth $139,740.

About Capstone Mining (TSE:CS)

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, Canada, and Chile. The company explores for copper, molybdenum, silver, zinc, lead, iron, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; and the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico.

Further Reading: Cash Flow

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