Stifel Nicolaus Increases Reunion Gold (CVE:RGD) Price Target to C$0.80

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Reunion Gold logo with Basic Materials background

Reunion Gold (CVE:RGD - Free Report) had its price target upped by Stifel Nicolaus from C$0.70 to C$0.80 in a research note issued to investors on Friday, BayStreet.CA reports.

Reunion Gold Stock Performance

Shares of CVE:RGD traded up C$0.01 during trading on Friday, reaching C$0.50. 345,171 shares of the stock were exchanged, compared to its average volume of 381,030. Reunion Gold has a 12 month low of C$0.32 and a 12 month high of C$0.59. The stock has a 50-day moving average price of C$0.44 and a 200-day moving average price of C$0.42. The company has a current ratio of 13.72, a quick ratio of 13.90 and a debt-to-equity ratio of 0.74. The firm has a market cap of C$605 million, a PE ratio of -9.90 and a beta of 1.18.

About Reunion Gold

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Reunion Gold Corporation engages in the acquisition, exploration, and development of mineral projects in South America. The companys flagship project is the Oko West project located in Guyana. It also holds interest in other projects located in French Guiana and Suriname. The company was formerly known as New Sleeper Gold Corporation and changed its name to Reunion Gold Corporation in June 2006.

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