Mason Graphite (LLG) Price Target Cut to C$0.90

Mason Graphite (CVE:LLG) had its price target decreased by National Bank Financial from C$1.65 to C$0.90 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would suggest a potential upside of 146.58% from the company’s previous close.

Shares of CVE LLG traded up C$0.02 during mid-day trading on Wednesday, hitting C$0.37. The company had a trading volume of 106,300 shares, compared to its average volume of 178,790. The stock has a market cap of $47.68 million and a P/E ratio of 17.75. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 4.33. Mason Graphite has a 1-year low of C$0.25 and a 1-year high of C$1.85.

Mason Graphite (CVE:LLG) last announced its quarterly earnings data on Thursday, February 28th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Mason Graphite will post -0.0299999991428572 EPS for the current fiscal year.

Mason Graphite Company Profile

Mason Graphite Inc, a mining and processing company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It owns a 100% interest in the Lac Guéret graphite property, which consists of 215 claims covering an area of 11,630 hectares located in northeastern Quebec.

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