Koryx Copper (CVE:KRY) Shares Up 7.1% – Here’s What Happened

Koryx Copper Inc. (CVE:KRY) shares were up 7.1% during mid-day trading on Wednesday . The stock traded as high as C$3.09 and last traded at C$3.00. Approximately 84,790 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 250,277 shares. The stock had previously closed at C$2.80.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted their target price on Koryx Copper from C$4.25 to C$4.50 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$4.50.

Koryx Copper Stock Performance

The stock has a 50-day simple moving average of C$3.28 and a two-hundred day simple moving average of C$2.60. The firm has a market cap of C$363.76 million, a PE ratio of -7.14 and a beta of 1.53.

Insiders Place Their Bets

In other Koryx Copper news, Director Charles Edward Loots bought 34,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of C$3.09 per share, with a total value of C$105,060.00. Following the transaction, the director owned 743,667 shares in the company, valued at C$2,297,931.03. This represents a 4.79% increase in their ownership of the stock.