East Africa Metals (CVE:EAM) PT Set at C$0.30 by Fundamental Research

East Africa Metals (CVE:EAM) has been given a C$0.30 target price by Fundamental Research in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price objective suggests a potential upside of 100.00% from the stock’s previous close.

East Africa Metals Stock Up 7.1%

East Africa Metals stock opened at C$0.15 on Wednesday. The business’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.11. The company has a quick ratio of 0.26, a current ratio of 1.05 and a debt-to-equity ratio of 2.03. The firm has a market cap of C$32.82 million, a price-to-earnings ratio of -13.02 and a beta of 1.03. East Africa Metals has a 52 week low of C$0.09 and a 52 week high of C$0.29.

East Africa Metals Company Profile

East Africa Metals Inc, a mineral exploration company, focuses on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia and the United Republic of Tanzania. The company primarily explores for gold, copper, silver, and zinc deposits.