Insider Selling: Calibre Mining Corp. (TSE:CXB) Senior Officer Sells 30,000 Shares of Stock

Calibre Mining Corp. (TSE:CXB) Senior Officer Kristian Dagsaan sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$2.67, for a total transaction of C$80,103.00.

Calibre Mining Stock Performance

TSE:CXB traded up C$0.05 during mid-day trading on Friday, reaching C$2.75. The company’s stock had a trading volume of 18,847,830 shares, compared to its average volume of 2,662,824. The firm’s fifty day moving average price is C$2.22 and its two-hundred day moving average price is C$2.02. The company has a current ratio of 2.33, a quick ratio of 0.97 and a debt-to-equity ratio of 39.77. The stock has a market cap of C$2.17 billion, a P/E ratio of 19.64 and a beta of 2.07. Calibre Mining Corp. has a 12-month low of C$1.16 and a 12-month high of C$2.81.

Calibre Mining (TSE:CXB) last posted its earnings results on Monday, August 12th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The business had revenue of C$187.89 million during the quarter. Calibre Mining had a net margin of 9.30% and a return on equity of 7.54%. On average, equities analysts forecast that Calibre Mining Corp. will post 0.3930435 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXB has been the subject of a number of research reports. Raymond James increased their price objective on Calibre Mining from C$2.50 to C$3.00 in a report on Friday, September 6th. Scotiabank lifted their price target on shares of Calibre Mining from C$2.75 to C$3.00 in a research report on Monday, August 19th. Stifel Nicolaus upped their price objective on shares of Calibre Mining from C$2.50 to C$3.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Calibre Mining from C$2.25 to C$2.75 in a report on Friday, July 12th. Finally, Canaccord Genuity Group upped their price target on Calibre Mining from C$3.75 to C$4.00 in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$2.90.

Calibre Mining Company Profile

Calibre Mining Corp., together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Nicaragua, the United States, and Canada. It primarily explores gold, silver, and copper deposits. The company was formerly known as TLC Ventures Corp. and changed its name to Calibre Mining Corp.