Koryx Copper (CVE:KRY) Trading Down 2.3% – What’s Next?

Koryx Copper Inc. (CVE:KRY)’s share price fell 2.3% on Wednesday . The company traded as low as C$3.36 and last traded at C$3.40. Approximately 6,900 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 175,126 shares. The stock had previously closed at C$3.48.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$6.00 price objective on shares of Koryx Copper and gave the company an “outperform” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$5.25.

Koryx Copper Stock Up 4.8%

The firm has a 50 day moving average price of C$3.23 and a 200 day moving average price of C$3.20. The stock has a market capitalization of C$426.67 million, a PE ratio of -7.80 and a beta of 0.92.