Koryx Copper (CVE:KRY) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Koryx Copper (CVE:KRY) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Separately, Stifel Nicolaus set a C$3.75 price objective on shares of Koryx Copper and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of C$3.75.

Koryx Copper Stock Up 12.1%

Shares of KRY opened at C$2.23 on Wednesday. The business’s fifty day moving average is C$1.74 and its 200 day moving average is C$1.32. Koryx Copper has a 12-month low of C$0.85 and a 12-month high of C$2.26. The stock has a market cap of C$213.15 million, a P/E ratio of -13.94 and a beta of 1.07.

Insider Activity

In other news, Director Heye Edmund Daun acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of C$1.64 per share, with a total value of C$164,000.00. Following the acquisition, the director owned 2,114,033 shares in the company, valued at C$3,467,014.12. The trade was a 4.97% increase in their position. In the last ninety days, insiders have purchased 300,000 shares of company stock worth $470,276.