TMAC Resources Inc (OTCMKTS:TMMFF)’s share price fell 1.4% during trading on Thursday . The stock traded as low as $1.88 and last traded at $1.92, 11,304 shares were traded during trading. A decline of 42% from the average session volume of 19,600 shares. The stock had previously closed at $1.95.
Separately, CIBC set a $4.50 target price on TMAC Resources and gave the stock a “hold” rating in a research report on Friday, November 1st.
The stock has a fifty day moving average of $2.44 and a two-hundred day moving average of $3.26.
About TMAC Resources (OTCMKTS:TMMFF)
TMAC Resources Inc engages in exploring, evaluating, developing, and mining mineral properties in Canada. The company primarily explores for gold deposits. Its principal asset is the Hope Bay Project covering an area of 1,101 square kilometers located in the Kitikmeot region of western Nunavut Territory.