CBM Asia Development (CVE:TCF) Lowered to Hold Rating by Ventum Cap Mkts

CBM Asia Development (CVE:TCF) was downgraded by research analysts at Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

CBM Asia Development Stock Performance

CBM Asia Development has a 1 year low of C$14.58 and a 1 year high of C$25.70.

About CBM Asia Development

CBM Asia Development Corp. (CBMA) is a Canada-based unconventional gas company with coalbed methane (CBM) exploration and development opportunities in Indonesia. The Company holds various participating interests in five production sharing contracts (PSC) for CBM in Indonesia. The Company has operations in south Sumatra, which includes sekayu PSC; central Sumatra, which includes Hulu PSC and east Kalimantan, which includes Kutai-west PSC and Bentian besar PSC.