to indicate they do not expect deal to go through? If deal goes trhough, it would mean price inceases by a 3rd in just a short while?????
Mart Resources
(TSE:MMT) was downgraded by research analysts at Cormark from a “buy” rating to a “market perform” rating in a report released on Tuesday.
Shares of Mart Resources (TSE:MMT) opened at 0.63 on Tuesday. Mart Resources has a 52 week low of $0.45 and a 52 week high of $1.80. The stock’s 50-day moving average is $0.61 and its 200-day moving average is $0.90. The company has a market cap of $224.8 million and a price-to-earnings ratio of 7.50.
Mart Resources, Inc (TSE:MMT) is a Canada-based independent international upstream oil and gas company focused on production and development opportunities in Nigeria. The Company’s principalbusiness activities consist of the exploration, acquisition, development and production of oil and gas in the Federal Republic of Nigeria.