Karora Resources (TSE:KRR) Shares Up 5.4%

Shares of Karora Resources Inc. (TSE:KRR) rose 5.4% during mid-day trading on Wednesday . The company traded as high as C$5.46 and last traded at C$5.43. Approximately 335,759 shares were traded during trading, a decline of 40% from the average daily volume of 561,012 shares. The stock had previously closed at C$5.15.

Analyst Ratings Changes

KRR has been the subject of a number of recent analyst reports. Eight Capital cut shares of Karora Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$7.00 to C$5.90 in a report on Wednesday, April 10th. CIBC upgraded shares of Karora Resources from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$5.25 to C$6.50 in a research note on Wednesday, February 7th.

Karora Resources Trading Up 4.4 %

The company has a debt-to-equity ratio of 17.18, a current ratio of 1.68 and a quick ratio of 1.04. The company’s 50 day moving average is C$4.66 and its two-hundred day moving average is C$4.48. The firm has a market cap of C$1.01 billion, a P/E ratio of 113.00 and a beta of 2.00.

Karora Resources (TSE:KRR) last released its earnings results on Friday, March 22nd. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.05). Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The company had revenue of C$101.78 million during the quarter. On average, sell-side analysts predict that Karora Resources Inc. will post 0.3050655 earnings per share for the current year.

About Karora Resources

Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold, silver, and nickel deposits. It holds 100% interests in the Beta Hunt 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.