Storm Resources Ltd (TSE:SRX)’s share price fell 4.2% during mid-day trading on Friday . The stock traded as low as C$3.38 and last traded at C$3.38. 17,200 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 54,161 shares. The stock had previously closed at C$3.53.

Separately, BMO Capital Markets cut their target price on Storm Resources to C$4.50 and set a “market perform” rating on the stock in a research note on Wednesday, August 16th.

The stock’s 50-day moving average is $3.52 and its 200-day moving average is $3.87.

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