Koryx Copper (CVE:KRY) Trading 5.4% Higher – What’s Next?

Koryx Copper Inc. (CVE:KRY) traded up 5.4% during trading on Monday . The company traded as high as C$2.97 and last traded at C$2.94. 253,243 shares were traded during trading, a decline of 10% from the average session volume of 281,719 shares. The stock had previously closed at C$2.79.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a C$3.75 price target on shares of Koryx Copper and gave the stock a “buy” rating in a research report on Thursday, December 18th. Stifel Canada raised shares of Koryx Copper to a “strong-buy” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average target price of C$3.75.

Koryx Copper Trading Up 5.4%

The stock has a market cap of C$288.37 million, a PE ratio of -12.25 and a beta of 1.53. The business’s 50-day moving average price is C$1.99 and its 200-day moving average price is C$1.49.

Insider Transactions at Koryx Copper

In other Koryx Copper news, Director Heye Edmund Daun purchased 100,000 shares of Koryx Copper stock in a transaction dated Friday, October 24th. The shares were acquired at an average cost of C$1.64 per share, with a total value of C$164,000.00. Following the completion of the transaction, the director owned 2,114,033 shares in the company, valued at approximately C$3,467,014.12. This trade represents a 4.97% increase in their position.