Los Andes Copper Ltd (CVE:LA) shares traded down 11.3% during mid-day trading on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.28, 404,000 shares were traded during trading. An increase of 146% from the average session volume of 164,314 shares. The stock had previously closed at C$0.31.
Separately, Fundamental Research set a C$1.31 target price on shares of Los Andes Copper and gave the stock a “buy” rating in a research note on Wednesday, August 28th.
The firm’s 50 day simple moving average is C$0.37 and its 200-day simple moving average is C$0.37. The company has a market cap of $100.51 million and a price-to-earnings ratio of -40.00.
Los Andes Copper Ltd., together with its subsidiaries, engages in the acquisition, exploration, and development of copper deposits in Canada and Chile. It operates through Mineral Exploration and Hydroelectric Project segments. The company holds 100% interest in the Vizcachitas copper, molybdenum, and silver porphyry project located to the north of Santiago, Region V, Chile.
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