Koryx Copper (CVE:KRY) Trading Down 2.3% – Here’s What Happened

Koryx Copper Inc. (CVE:KRY – Get Free Report) dropped 2.3% during trading on Wednesday . The stock traded as low as C$3.36 and last traded at C$3.40. 6,900 shares were traded during mid-day trading, a decline of 96% from the average session volume of 175,126 shares. The stock had previously closed at C$3.48.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KRY shares. BMO Capital Markets set a C$6.00 price objective on Koryx Copper and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Stifel Nicolaus increased their price target 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Koryx Copper currently has an average rating of “Buy” and an average price target of C$5.25.

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Check Out Our Latest Analysis on Koryx Copper

Koryx Copper Trading Down 2.3%

The firm has a fifty day simple moving average of C$3.23 and a 200 day simple moving average of C$3.19. The stock has a market cap of C$413.30 million, a price-to-earnings ratio of -7.56 and a beta of 0.92.

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