Karora Resources (TSE:KRR) Trading Up 1.4%

Shares of Karora Resources Inc. (TSE:KRRGet Rating) were up 1.4% during trading on Wednesday . The stock traded as high as C$3.02 and last traded at C$2.97. Approximately 841,204 shares were traded during trading, a decline of 7% from the average daily volume of 905,167 shares. The stock had previously closed at C$2.93.

Wall Street Analysts Forecast Growth

Separately, CIBC upped their price objective on shares of Karora Resources from C$4.25 to C$4.50 and gave the company a “neutral” rating in a report on Thursday, August 18th.

Karora Resources Trading Up 1.4 %

The company’s fifty day moving average is C$3.04 and its two-hundred day moving average is C$4.65. The company has a debt-to-equity ratio of 12.37, a quick ratio of 1.52 and a current ratio of 1.96. The company has a market cap of C$510.72 million and a price-to-earnings ratio of 24.75.

About Karora Resources

(Get Rating)

Karora Resources Inc operates as a multi-operational mineral resource company in Australia. The company explores for gold and nickel deposits. It holds 100% interests in the Beta Hunt Gold Mine; the Higginsville Gold Operations; and Spargos Reward Gold Project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc in June 2020.

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