Kincora Copper (CVE:KCC) Trading 26.3% Higher – Time to Buy?

Kincora Copper Limited (CVE:KCC)’s share price traded up 26.3% during mid-day trading on Wednesday . The stock traded as high as C$1.35 and last traded at C$1.25. 234,730 shares traded hands during trading, an increase of 474% from the average session volume of 40,898 shares. The stock had previously closed at C$0.99.

Key Kincora Copper News

Here are the key news stories impacting Kincora Copper this week:

• Positive Sentiment: Kincora and AngloGold Ashanti Exploration expanded and upgraded target work at the Nevertire project and have recommenced drilling — this restarts active news flow and creates near-term catalysts (step-out/infilling holes, assays, potential resource upgrade) that can materially re-rate the stock. Kincora and AngloGold Ashanti Exploration Expands and Upgrades Nevertire with Drilling Recommenced
• Negative Sentiment: Exploration risk and timing — drilling can fail to deliver high-grade or economic results, and further funding or dilution could be required if larger programs are needed; results and assays will determine whether the positive sentiment is sustained.

Kincora Copper Stock Performance

The firm has a market cap of C$53.44 million, a P/E ratio of -10.42 and a beta of 1.87. The company’s 50 day moving average is C$1.02 and its 200 day moving average is C$0.97.

About Kincora Copper

Kincora Copper Limited engages in acquisition, exploration, and evaluation of mineral properties in Mongolia and Australia. It primarily explores for copper and gold deposits. The company's flagship project is the Trundle Project, including one license covering an area of 167km2 located in the Junee-Narromine volcanic belt of the Macquarie Arc. The company was formerly known as Brazilian Diamonds Limited and changed its name to Kincora Copper Limited in January 2011. Kincora Copper Limited was incorporated in 1983 and is headquartered in Vancouver, Canada.