Mackie Research - Initiated Coverage - Mosaic Capital (TSXV: M)

Investment firm Mackie Research has initiated coverage on Mosaic Capital, which trades on the TSX Venture Exchange, under the symbol “M”. Analyst Raveel Afzaal gives the company a buy rating, and a 12 month target price of $16.20, a premium of 45% to the $11.15 price the day the report was issued.