Cobalt 27 Capital Corp. (OTCMKTS:CBLLF) shares traded down 1% on Tuesday . The stock traded as low as $2.87 and last traded at $2.87, 11,048 shares were traded during mid-day trading. A decline of 41% from the average session volume of 18,818 shares. The stock had previously closed at $2.90.
Separately, Royal Bank of Canada lowered shares of Cobalt 27 Capital from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, June 19th.
The firm’s 50-day moving average price is $3.06.
Cobalt 27 Capital Corp. operates as a metals streaming and royalty company. It holds physical cobalt material; owns a cobalt stream on Voisey's Bay mine; and manages a portfolio of 11 royalties. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp.
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