Eight Capital Cuts Cobalt 27 Capital (KBLT) Price Target to C$15.00

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Cobalt 27 Capital (CVE:KBLT) had its target price lowered by Eight Capital from C$17.50 to C$15.00 in a research note issued to investors on Monday morning.

A number of other research firms have also recently commented on KBLT. BMO Capital Markets cut their target price on Cobalt 27 Capital from C$16.00 to C$15.00 in a research note on Thursday, September 20th. TD Securities dropped their price objective on Cobalt 27 Capital from C$18.00 to C$13.00 and set a buy rating on the stock in a research report on Thursday, September 13th. Finally, Canaccord Genuity dropped their price objective on Cobalt 27 Capital from C$22.50 to C$15.50 in a research report on Thursday, September 6th.

CVE KBLT opened at C$5.58 on Monday. Cobalt 27 Capital has a 12 month low of C$4.76 and a 12 month high of C$14.00.

In other Cobalt 27 Capital news, insider Vladimir Iorich acquired 700,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average cost of C$6.60 per share, with a total value of C$4,620,000.00. Also, insider Martin Vydra acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were acquired at an average cost of C$5.58 per share, for a total transaction of C$111,600.00. Insiders have purchased 725,000 shares of company stock worth $4,756,700 over the last ninety days.

About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a mineral resource company. The company has royalty interests in seven exploration-stage properties containing cobalt in Canada and Vietnam. The company was formerly known as Arak Resources Ltd. and changed its name to Cobalt 27 Capital Corp. in April 2017. Cobalt 27 Capital Corp.

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