Filo Mining (CVE:FIL) Stock Price Down 0.1% – Should You Sell?

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

Analysts Set New Price Targets

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

Filo Mining Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 9.86 and a quick ratio of 9.80. The stock has a fifty day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.97. 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.