Koryx Copper (CVE:KRY) Trading Up 0.7% – Time to Buy?

Koryx Copper Inc. (CVE:KRY) shares were up 0.7% on Monday . The company traded as high as C$3.25 and last traded at C$3.09. Approximately 57,806 shares were traded during trading, a decline of 82% from the average daily volume of 317,659 shares. The stock had previously closed at C$3.07.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$3.75 price objective on Koryx Copper and gave the stock a “buy” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Koryx Copper has an average rating of “Strong Buy” and an average price target of C$3.75.

Koryx Copper Stock Up 5.1%

The business has a 50-day simple moving average of C$3.13 and a two-hundred day simple moving average of C$2.29. The stock has a market capitalization of C$397.68 million, a price-to-earnings ratio of -8.68 and a beta of 1.13.

Insider Activity at Koryx Copper

In other news, Director Charles Edward Loots acquired 34,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of C$3.09 per share, for a total transaction of C$105,060.00. Following the completion of the acquisition, the director directly owned 743,667 shares in the company, valued at C$2,297,931.03. This represents a 4.79% increase in their position.