Karora Resources (TSE:KRR) Trading 2.4% Higher

Karora Resources Inc. (TSE:KRR) traded up 2.4% during trading on Monday . The stock traded as high as C$7.01 and last traded at C$6.70. 1,976,683 shares traded hands during trading, an increase of 190% from the average session volume of 682,523 shares. The stock had previously closed at C$6.54.

Analyst Ratings Changes

A number of research firms recently weighed in on KRR. Canaccord Genuity Group increased their price target on Karora Resources from C$8.25 to C$9.00 in a research note on Tuesday, July 23rd. Desjardins increased their price objective on shares of Karora Resources from C$5.65 to C$5.97 and gave the company a “tender” rating in a research report on Thursday, June 6th.

Karora Resources Trading Up 2.4 %

The company has a debt-to-equity ratio of 17.18, a quick ratio of 1.04 and a current ratio of 1.68. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 134.00 and a beta of 2.06. The firm has a fifty day moving average price of C$6.24 and a 200-day moving average price of C$5.34.

Karora Resources Company Profile

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.