Filo Mining (CVE:FIL) Trading Down 0.1% – Should You Sell?

Filo Mining Corp. (CVE:FIL) fell 0.1% on Monday . The company traded as low as C$8.70 and last traded at C$8.97. 191,345 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 222,999 shares. The stock had previously closed at C$8.98.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price objective on Filo Mining from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$33.57.

Filo Mining Price Performance

The company has a fifty day simple moving average of C$8.97 and a 200-day simple moving average of C$8.97. The company has a market cap of C$1.02 billion and a P/E ratio of -46.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.86 and a quick ratio of 9.80.

About Filo Mining

Filo Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Chile and Argentina. Its flagship property is the Filo del Sol project, a copper, gold, and silver project located along the border of Region III, Chile and San Juan Province, Argentina.