Koryx Copper (CVE:KRY) Trading Up 0.7% – Should You Buy?

Koryx Copper Inc. (CVE:KRY)’s share price was up 0.7% during mid-day trading on Monday . The stock traded as high as C$3.25 and last traded at C$3.09. Approximately 57,806 shares traded hands during trading, a decline of 82% from the average daily volume of 317,659 shares. The stock had previously closed at C$3.07.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$3.75 price objective on Koryx Copper and gave the stock a “buy” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Koryx Copper presently has an average rating of “Strong Buy” and an average price target of C$3.75.

Koryx Copper Stock Performance

The firm’s 50 day moving average is C$3.11 and its 200-day moving average is C$2.27. The firm has a market cap of C$372.38 million, a price-to-earnings ratio of -8.13 and a beta of 1.13.

Insiders Place Their Bets

In related news, Director Charles Edward Loots bought 34,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were bought at an average cost of C$3.09 per share, for a total transaction of C$105,060.00. Following the completion of the acquisition, the director directly owned 743,667 shares in the company, valued at approximately C$2,297,931.03. This represents a 4.79% increase in their ownership of the stock.