Labrador Gold Corp. (OTC:NKOSF – Get Rating)'s stock price dropped 5.8% during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 14,380 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 111,354 shares. The stock had previously closed at C$0.15.
Analysts Set New Price Targets
Separately, Noble Financial initiated coverage on Labrador Gold in a research note on Friday, January 13th. They issued a "buy" rating and a $0.55 price objective for the company.
Get Labrador Gold alerts:Labrador Gold Stock Down 5.8 %
The firm has a 50 day moving average price of C$0.18 and a 200-day moving average price of C$0.20.
Labrador Gold Company Profile
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Labrador Gold Corp. engages in the acquisition, exploration, and development of gold properties in the Americas. The company owns a 100% interest in the Borden Lake property that covers an area of 1,598-hectares located in Chapleau, Ontario. It has an option to acquire 100% interest in the Ashuanipi property consisting of 1,564 Claims in 10 claim blocks covering an area of approximately 391 square kilometers located in Labrador, Quebec; the Kingsway property consisting of 264 claims in 3 licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in 5 licenses covering 249 square kilometers.
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