Koryx Copper (CVE:KRY) Stock Price Up 1.1% – Time to Buy?

Koryx Copper Inc. (CVE:KRY)’s share price was up 1.1% during mid-day trading on Thursday. The stock traded as high as C$3.71 and last traded at C$3.60. 71,318 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 153,149 shares. The stock had previously closed at C$3.56.

Analysts Set New Price Targets

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

Koryx Copper Stock Down 1.4%

The stock’s 50 day moving average is C$3.40 and its 200-day moving average is C$3.28. The company has a market cap of C$431.53 million, a PE ratio of -7.89 and a beta of 0.70.