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Calibre Mining Corp
Company Overview:
Calibre Mining Corp (TSX: CXB) is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, Iam Gold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.
As per the previous Report published on “CXB” as on 07th February 2024, Kalkine provided a “Speculative Buy” stance is given on the stock at the stock price of CAD 1.46.
Noted below are the details of support and resistance levels provided in the previous report:
CXBs Daily Chart
CXB, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group
Considering current trading levels and risks associated, it is prudent to exit at the current levels. Hence, a “Sell’ recommendation is given on the stock at the closing market price of CAD 1.68 as on 04 March 2024.
Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.
Calibre Mining Corp (TSX: CXB) is a part of Kalkine’s Penny Report
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 07th February 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.
Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’
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