Monarch Mining (OTCMKTS:GBARF) Downgraded to Hold at Stifel Nicolaus

Monarch Mining (OTCMKTS:GBARFGet Rating) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Thursday, The Fly reports.

Monarch Mining Price Performance

Monarch Mining stock opened at 0.14 on Thursday. Monarch Mining has a 1 year low of 0.14 and a 1 year high of 0.70. The firm has a 50-day moving average of 0.33.

Monarch Mining Company Profile

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Monarch Mining Corporation, a gold mining company, engages in the exploration and development of mining properties in Canada. The company's projects include the Beaufor Mine, including 23 mining claims covering an area of 5.9 square kilometers located to the northeast of the town of Val-d'Or in the Province of Quebec; the Croinor property, which comprise one mining lease for a total of 337 claims with an area of approximately 151.88 square kilometers situated to the east of Val-d'Or; and the Beacon Mill property consist of 11 mining claims covering an area of 1.8 square kilometers.

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