Karora Resources (TSE:KRR) Hits New 12-Month High at $5.66

Karora Resources Inc. (TSE:KRR)’s share price reached a new 52-week high on Thursday . The company traded as high as C$5.66 and last traded at C$5.56, with a volume of 908186 shares. The stock had previously closed at C$5.41.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. CIBC upgraded shares of Karora Resources from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$5.25 to C$6.50 in a report on Wednesday, February 7th. Eight Capital lowered shares of Karora Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th.

Karora Resources Trading Up 4.3 %

The company has a market capitalization of C$1.01 billion, a P/E ratio of 108.20 and a beta of 2.00. The stock’s 50 day moving average is C$4.63 and its 200-day moving average is C$4.48. The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04.

Karora Resources (TSE:KRR) last released its quarterly earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The company had revenue of C$101.78 million during the quarter. As a group, equities research analysts anticipate that Karora Resources Inc. will post 0.3050655 earnings per share for the current year.

About Karora Resources

Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold, silver, and nickel deposits. It holds 100% interests in the Beta Hunt mine; the Higginsville Gold operations; and Spargos Reward Gold project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc in June 2020.