Kincora Copper (CVE:KCC) Trading 29.9% Higher – Here’s Why

Kincora Copper Limited (CVE:KCC)’s stock price rose 29.9% during trading on Wednesday . The company traded as high as C$1.79 and last traded at C$1.65. Approximately 111,897 shares changed hands during trading, an increase of 122% from the average daily volume of 50,331 shares. The stock had previously closed at C$1.27.

Kincora Copper Price Performance

The firm has a market capitalization of C$67.13 million, a PE ratio of -13.08 and a beta of 1.87. The company has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$1.02.

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.