amara26 Feb 2016 11:28
PLC 426.3% Potential Upside Indicated by Cantor Fitzgerald
Posted by: Katherine Hargreaves 26th February 2016
AMARA MINING PLC with EPIC/TICKER LON:AMA had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Cantor Fitzgerald. AMARA MINING PLC are listed in the Basic Materials sector within AIM. Cantor Fitzgerald have set a target price of 50 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 426.3% from today’s opening price of 9.5 GBX. Over the last 30 and 90 trading days the company share price has increased 1.628 points and increased 2.25 points respectively.
AMARA MINING PLC LON:AMA has a 50 day moving average of 8.22 GBX and a 200 day moving average of 10.35 GBX. The 1 year high for the share price is 17.61 GBX while the 52 week low is 6.8 GBX. There are currently 992,644,071 shares in issue with the average daily volume traded being 597,121. Market capitalisation for LON:AMA is £43,945,641 GBP.
AMARA MINING PLC is a junior gold mining company. The Company is engaged in acquisition, exploration, development and operation of gold mines and deposits in West Africa. The Company is developing the Yaoure Gold Project in Cote d’Ivoire and the Baomahun Gold Project in Sierra Leone. The Yaoure Gold Project is located in central Cote d’Ivoire, 40 kilometers from the political capital, Yamoussoukro.
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