Ecobalt Solutions (ECS) Trading 3% Higher

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Ecobalt Solutions Inc (TSE:ECS) traded up 3% during trading on Thursday . The company traded as high as C$0.34 and last traded at C$0.34. 142,043 shares were traded during mid-day trading, a decline of 56% from the average session volume of 322,884 shares. The stock had previously closed at C$0.33.

A number of research analysts have recently issued reports on ECS shares. Eight Capital dropped their price objective on Ecobalt Solutions from C$2.50 to C$1.70 in a research note on Tuesday, January 8th. TD Securities downgraded Ecobalt Solutions from a “speculative buy” rating to a “hold” rating and dropped their price target for the stock from C$0.80 to C$0.45 in a research note on Wednesday.

The company has a market capitalization of $52.82 million and a price-to-earnings ratio of -10.00.

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About Ecobalt Solutions (TSE:ECS)

eCobalt Solutions Inc engages in the exploration and development of mineral properties in Canada, the United States, and Mexico. It primarily explores for base and precious metals, and uranium, as well as copper, gold, silver, lead, and zinc deposits. The company owns 100% interest in its primary asset, the Idaho Cobalt project that includes a mine/mill site located in Lemhi County, Idaho, producing battery grade cobalt salts for rechargeable battery and renewable energy sectors.

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