Koryx Copper (CVE:KRY) Trading Up 7.1% – Should You Buy?

Koryx Copper Inc. (CVE:KRY)’s share price traded up 7.1% on Tuesday . The company traded as high as C$3.11 and last traded at C$3.00. 311,921 shares were traded during mid-day trading, a decline of 24% from the average session volume of 408,132 shares. The stock had previously closed at C$2.80.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$3.75 price objective on Koryx Copper and gave the stock a “buy” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy” and an average price target of C$3.75.

Koryx Copper Stock Up 7.1%

The stock’s fifty day simple moving average is C$2.33 and its 200-day simple moving average is C$1.67. The company has a market capitalization of C$361.53 million, a PE ratio of -7.89 and a beta of 1.09.