NASDAQ
Orbite Alumina rating improved to Buy
Edited by : AL CIRCLE
1 min read
Euro Pacific Canada analyst Luisa Moreno has initiated coverage on Orbite Aluminae Inc. which has developed a unique technology to produce alumina from clays, with a "buy" rating, the Globe & Mail reported.
She believes the company will be able to start up a full-scale smelter-grade alumina plant by 2015 that will also produce significant byproducts. "If the process viability is proven, we expect to see an increased interest in the Orbite process as the need for new alumina refineries arises," she said.
Moreno set a 12-month price target of $8.
She believes the company will be able to start up a full-scale smelter-grade alumina plant by 2015 that will also produce significant byproducts. "If the process viability is proven, we expect to see an increased interest in the Orbite process as the need for new alumina refineries arises," she said.
Moreno set a 12-month price target of $8.
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