Metals & Mining News

Trevali Mining Co. (OTCMKTS:TREVF) Sees Significant Decrease in Short Interest



Trevali Mining Co. (OTCMKTS:TREVF – Get Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 118,200 shares, a decrease of 61.6% from the May 15th total of 307,900 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is currently 4.3 days.

TREVF stock opened at $0.50 on Friday. Trevali Mining has a twelve month low of $0.46 and a twelve month high of $2.15. The company’s 50 day moving average is $0.78 and its two-hundred day moving average is $1.03. The stock has a market cap of $49.08 million, a P/E ratio of 1.03 and a beta of 3.00.

Trevali Mining (OTCMKTS:TREVF – Get Rating) last released its quarterly earnings data on Monday, May 16th. The company reported $0.07 earnings per share for the quarter. Trevali Mining had a net margin of 12.78% and a return on equity of 5.57%. The company had revenue of $93.11 million for the quarter.

Several analysts have recently issued reports on TREVF shares. TD Securities reduced their price target on shares of Trevali Mining from C$2.00 to C$0.90 in a research report on Tuesday, May 17th. Raymond James reduced their price target on shares of Trevali Mining from C$2.50 to C$2.25 in a research report on Tuesday, March 1st. National Bank Financial reduced their target price on shares of Trevali Mining from C$2.20 to C$1.90 in a report on Tuesday, April 19th. Canaccord Genuity Group reduced their target price on shares of Trevali Mining from C$1.50 to C$0.60 in a report on Tuesday, May 17th. Finally, Scotiabank reduced their target price on shares of Trevali Mining from C$1.50 to C$1.00 in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Trevali Mining has a consensus rating of “Hold” and an average price target of $1.66.

Trevali Mining Company Profile (Get Rating)

Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, development of, and production from mineral properties. It primarily explores for zinc, lead, silver, copper, and gold deposits. The company’s operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; and Caribou Mine in northern New Brunswick, Canada.

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