Koryx Copper (CVE:KRY) Stock Price Up 4.7% – Should You Buy?

Koryx Copper Inc. (CVE:KRY) shares traded up 4.7% during mid-day trading on Thursday . The stock traded as high as C$3.19 and last traded at C$3.14. 17,229 shares changed hands during trading, a decline of 92% from the average session volume of 225,373 shares. The stock had previously closed at C$3.00.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their price objective on Koryx Copper from C$4.25 to C$4.50 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$4.50.

Koryx Copper Trading Up 4.7%

The firm has a market cap of C$380.73 million, a P/E ratio of -7.48 and a beta of 1.53. The business’s fifty day simple moving average is C$3.16 and its 200-day simple moving average is C$2.77.