Gran Colombia Gold (TSE:GCM) Receives Buy Rating from Fundamental Research

Gran Colombia Gold (TSE:GCM)‘s stock had its “buy” rating reissued by investment analysts at Fundamental Research in a note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$6.49 price objective on the stock. Fundamental Research’s price objective would indicate a potential upside of 29.03% from the company’s current price.

GCM opened at C$5.03 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 37.98. The firm has a market cap of $254.57 million and a price-to-earnings ratio of 9.49. Gran Colombia Gold has a 12 month low of C$2.60 and a 12 month high of C$5.91. The stock has a fifty day moving average price of C$4.83 and a 200-day moving average price of C$4.74.

In other news, Director Robert Metcalfe sold 22,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$5.57, for a total value of C$122,500.40. Following the completion of the transaction, the director now directly owns 493 shares in the company, valued at C$2,745.12. Also, Senior Officer Jose Noguera sold 15,500 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$5.61, for a total transaction of C$86,900.75. Insiders sold a total of 44,200 shares of company stock worth $247,591 over the last 90 days.

Gran Colombia Gold Company Profile

Gran Colombia Gold Corp., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of gold and silver properties primarily in Colombia. It holds interests in the Segovia operations comprising the El Silencio, Providencia, Sandra K, and the Carla underground mines located in Colombia; and the Marmato gold project situated in Colombia.

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