Chalice Mining (OTCMKTS:CGMLF) Stock Price Down 12.8% – Should You Sell?

Shares of Chalice Mining Limited (OTCMKTS:CGMLF) traded down 12.8% on Tuesday . The company traded as low as $1.09 and last traded at $1.09. 65,024 shares changed hands during mid-day trading, an increase of 531% from the average session volume of 10,301 shares. The stock had previously closed at $1.25.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Canaccord Genuity Group set a $3.70 price objective on Chalice Mining in a report on Thursday, February 19th. UBS Group raised Chalice Mining to a “buy” rating and set a $2.75 price objective for the company in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $3.23.

Chalice Mining Stock Down 11.8%

The business has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.36.

Chalice Mining Company Profile

Chalice Mining Limited operates as a mineral exploration and evaluation company. It explores for gold, copper, cobalt, palladium, platinum, and nickel deposits. The company has interest in the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. Chalice Mining Limited was incorporated in 2005 and is based in West Perth, Australia.