Evolution Mining (OTCMKTS:CAHPF) Stock Price Up 9.5% – Should You Buy?

Evolution Mining Limited (OTCMKTS:CAHPF)’s share price traded up 9.5% during trading on Wednesday . The company traded as high as $12.30 and last traded at $11.8750. 6,096 shares were traded during mid-day trading, a decline of 59% from the average session volume of 14,961 shares. The stock had previously closed at $10.8450.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Evolution Mining to a “hold” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Evolution Mining Stock Up 9.5%

The firm has a 50 day moving average of $9.09 and a two-hundred day moving average of $7.37.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.