Koryx Copper (CVE:KRY) Shares Up 7.9% – Still a Buy?

Koryx Copper Inc. (CVE:KRY)’s stock price traded up 7.9% on Tuesday . The company traded as high as C$3.13 and last traded at C$3.13. Approximately 73,128 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 190,718 shares. The stock had previously closed at C$2.90.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets set a C$6.00 target price on shares of Koryx Copper and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Stifel Nicolaus lifted their price target on shares of Koryx Copper from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$5.25.

Koryx Copper Trading Up 7.9%

The stock has a market capitalization of C$380.48 million, a PE ratio of -7.45 and a beta of 0.94. The stock has a 50 day moving average price of C$3.22 and a 200-day moving average price of C$3.14.