Sabina Gold & Silver (TSE:SBB) Share Price Passes Below 200 Day Moving Average of $1.23

Sabina Gold & Silver Corp. (TSE:SBBGet Rating)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.23 and traded as low as C$0.99. Sabina Gold & Silver shares last traded at C$1.00, with a volume of 333,496 shares.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Securities dropped their price objective on shares of Sabina Gold & Silver from C$3.00 to C$2.50 in a research note on Thursday, July 21st. National Bankshares dropped their price objective on shares of Sabina Gold & Silver from C$3.00 to C$2.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st.

Sabina Gold & Silver Stock Down 3.8 %

The firm’s 50-day moving average price is C$1.09 and its 200 day moving average price is C$1.23. The company has a market capitalization of C$548.44 million and a price-to-earnings ratio of 100.00. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.49.

Sabina Gold & Silver Company Profile

(Get Rating)

Sabina Gold & Silver Corp., a precious metals company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold and silver deposit. Its flagship projects include Back River gold project comprising Goose, George, Boulder, Boot, Del, and Bath properties, as well as the port facility at Bathurst Inlet that covers an area of approximately 564 square kilometers located in Nunavut, Canada; and silver royalty on the Hackett River project that covers an area of approximately 10,637 hectares located in Nunavut, Canada.

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