Stifel Nicolaus Issues Positive Forecast for Koryx Copper (CVE:KRY) Stock Price

Koryx Copper (CVE:KRY) had its target price increased by Stifel Nicolaus from C$4.25 to C$4.50 in a research note published on Wednesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Koryx Copper Price Performance

Shares of KRY opened at C$3.41 on Wednesday. The business’s fifty day moving average price is C$3.25 and its 200 day moving average price is C$2.44. Koryx Copper has a 12-month low of C$0.89 and a 12-month high of C$3.90. The stock has a market capitalization of C$410.94 million, a PE ratio of -8.97 and a beta of 1.55.

Insiders Place Their Bets

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