Koryx Copper (CVE:KRY) Trading 7.9% Higher – Here’s Why

Koryx Copper Inc. (CVE:KRY)’s stock price was up 7.9% on Tuesday . The stock traded as high as C$3.13 and last traded at C$3.13. Approximately 73,128 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 190,718 shares. The stock had previously closed at C$2.90.

Analyst Ratings Changes

KRY has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Koryx Copper from C$4.25 to C$4.50 and gave the company a “buy” rating in a report on Wednesday, April 15th. BMO Capital Markets set a C$6.00 price target on shares of Koryx Copper and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.25.

Koryx Copper Price Performance

The business has a 50-day simple moving average of C$3.22 and a 200 day simple moving average of C$3.14. The firm has a market cap of C$380.48 million, a PE ratio of -7.45 and a beta of 0.94.