Filo Mining (CVE:FIL) Trading Down 0.1% – Here’s What Happened

Filo Mining Corp. (CVE:FIL) dropped 0.1% during trading on Monday . The stock traded as low as C$8.70 and last traded at C$8.97. Approximately 191,345 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 222,999 shares. The stock had previously closed at C$8.98.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price objective on shares of Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Filo Mining has an average rating of “Hold” and an average target price of C$33.57.

Filo Mining Price Performance

The stock has a 50 day moving average of C$8.97 and a two-hundred day moving average of C$8.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.80 and a current ratio of 9.86. The firm has a market capitalization of C$1.02 billion and a P/E ratio of -46.72.

About Filo Mining

Filo Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina. Its flagship property is the Filo del Sol project, a copper, gold, and silver project located along the border of Region III, Chile and San Juan Province, Argentina.