Koryx Copper (CVE:KRY) Trading Down 1.3% – Here’s Why

Koryx Copper Inc. (CVE:KRY) shares dropped 1.3% during trading on Thursday . The company traded as low as C$3.05 and last traded at C$3.10. 51,003 shares changed hands during trading, a decline of 75% from the average session volume of 204,900 shares. The stock had previously closed at C$3.14.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus increased their price objective on Koryx Copper from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.50.

Koryx Copper Price Performance

The company has a fifty day moving average price of C$3.23 and a 200 day moving average price of C$3.01. The company has a market cap of C$385.58 million, a PE ratio of -7.57 and a beta of 0.94.