A statement released earlier today by TD Securities about Stornoway Diamond Corporation (TSE:SWY) lowers the target price to $0.95
- Updated: February 11, 2017
Boasting a price of $0.84, Stornoway Diamond Corporation (TSE:SWY) traded -1.19% lower on the day. With the last stock price close down -21.37% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. SWY has recorded a 50-day average of $0.93 and a two hundred day average of $1.06. Trade Volume was up over the average, with 1,251,497 shares of SWY changing hands over the typical 674,384
In a report released on 2/9/2017 TD Securities reduced the stock price target of Stornoway Diamond Corporation (TSE:SWY) from $1.25 to $0.95 stating a potential upside of 0.13%.
Recent Performance Chart
Stornoway Diamond Corporation has with a one year low of $0.79 and a one year high of $1.33 and has a market capitalization of $0.
In addition to TD Securities reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $1.02 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For Stornoway Diamond Corporation (TSE:SWY)
Stornoway Diamond Corp is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company's principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction. The Company's Adamantin Project is located approximately 100 kilometers (km) south of the Renard Diamond Project and over 20 km west of the Route 167 Extension road. The Adamantin Project comprises approximately 15,140 hectares of exploration claims. It holds an interest in each of the Pikoo, Qilalugaq and Timiskaming properties. The Pikoo Diamond Project consists of over 33,370 hectares of mineral claims. The Qilalugaq Diamond Project consists of over 7,140 hectares and is located approximately 10 km north of the community of Repulse Bay, Nunavut. The Timiskaming Diamond Project consists of staked claims or optioned mining patents.
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