Koryx Copper (CVE:KRY) Trading Up 0.7% – Should You Buy?

Koryx Copper Inc. (CVE:KRY) rose 0.7% during trading on Monday . The company traded as high as C$3.25 and last traded at C$3.09. Approximately 57,806 shares changed hands during trading, a decline of 82% from the average daily volume of 317,659 shares. The stock had previously closed at C$3.07.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$3.75 target price on Koryx Copper and gave the stock a “buy” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$3.75.

Koryx Copper Trading Up 0.7%

The company’s fifty day moving average is C$3.11 and its 200-day moving average is C$2.27. The firm has a market capitalization of C$372.38 million, a P/E ratio of -8.13 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Charles Edward Loots purchased 34,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of C$3.09 per share, for a total transaction of C$105,060.00. Following the completion of the acquisition, the director directly owned 743,667 shares of the company’s stock, valued at approximately C$2,297,931.03. The trade was a 4.79% increase in their ownership of the stock.