First Cobalt Corp (CVE:FCC) rose 18.8% on Tuesday . The stock traded as high as C$0.30 and last traded at C$0.29. Approximately 1,152,364 shares traded hands during trading, an increase of 75% from the average daily volume of 658,501 shares. The stock had previously closed at C$0.24.
A number of research analysts have recently commented on FCC shares. Eight Capital dropped their price objective on First Cobalt from C$1.40 to C$1.35 in a report on Wednesday, September 5th. Canaccord Genuity set a C$0.70 price objective on First Cobalt and gave the company a “speculative buy” rating in a report on Tuesday, September 18th.
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First Cobalt Corp. engages in the acquisition and exploration of resource properties. The company's principal assets include the Greater Cobalt project, including the cobalt north, south, and central camps located in Ontario, Canada; and the Iron Creek project that is situated in Idaho, the United States.
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