Kincora Copper (CVE:KCC) Stock Price Up 26.3% – Here’s What Happened

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

Kincora Copper Price Performance

The firm has a market cap of C$53.44 million, a PE ratio of -10.42 and a beta of 1.87. The business has a fifty day moving average price of C$1.03 and a two-hundred day moving average price of C$0.97.

Kincora Copper Company Profile

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.