Kodiak Copper (CVE:KDK) Shares Down 4.1% – What’s Next?

Kodiak Copper Corp. (CVE:KDK)’s stock price dropped 4.1% on Tuesday. The company traded as low as C$0.68 and last traded at C$0.70. Approximately 49,416 shares traded hands during trading, a decline of 65% from the average daily volume of 142,717 shares. The stock had previously closed at C$0.73.

Analysts Set New Price Targets

Separately, Noble Financial upgraded shares of Kodiak Copper to a “strong-buy” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Kodiak Copper Stock Performance

The company has a market capitalization of C$77.18 million, a PE ratio of -49.29 and a beta of 2.24.

Kodiak Copper Corp. is a mineral exploration company focused on discovering and advancing copper and gold deposits. The company does not currently produce or sell minerals; its activities include geological mapping, geochemical surveys, drilling, and other exploration work used to evaluate the potential of its mineral properties.

Its principal asset is the MPD Copper-Gold Project in south-central British Columbia, within the Quesnel Terrane, a region known for porphyry copper-gold deposits.