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Stornoway Diamond Corporation (TSE:SWY) target price raised to $1.35, issued a report today by Scotia Capital

Yesterday Stornoway Diamond Corporation (TSE:SWY) traded -1.74% lower at $1.12. The company’s 50-day moving average is $1.12 and its 200-day moving average is $1.05. The last stock close price is up 7.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 740,312 shares of the stock were exchanged, down from an average trading volume of 919,128

Stornoway Diamond Corporation (TSE:SWY) had its target price raised to $1.35 by Scotia Capital in a report released 10/7/2016. The new target price indicates a possible upside of 0.21% based on the company's last stock close price.

Previously on 8/26/2016, RBC Capital Markets reported about Stornoway Diamond Corporation (TSE:SWY) raised the target price from $0.00 to $1.50. At the time, this indicated a possible upside of 0.36%.

See Chart Below

Stornoway Diamond Corporation (TSE:SWY)

Stornoway Diamond Corporation has a 52 week low of $0.65 and a 52 week high of $1.20 The company’s market cap is currently $0.

A total of 6 equity analysts have released a research note on SWY. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $35.00.

More About Stornoway Diamond Corporation (TSE:SWY)

Stornoway Diamond Corporation 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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