Koryx Copper (CVE:KRY) Given a C$3.75 Price Target at Stifel Nicolaus

Koryx Copper (CVE:KRY) has been assigned a C$3.75 price objective by equities research analysts at Stifel Nicolaus in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 85.64% from the stock’s current price.

Koryx Copper Price Performance

Shares of CVE KRY traded up C$0.16 during midday trading on Thursday, reaching C$2.02. The company’s stock had a trading volume of 88,050 shares, compared to its average volume of 103,772. The stock has a market capitalization of C$193.08 million, a P/E ratio of -12.63 and a beta of 1.07. The firm has a 50 day moving average price of C$1.71 and a 200-day moving average price of C$1.30. Koryx Copper has a 12-month low of C$0.85 and a 12-month high of C$2.05.

Insider Activity at Koryx Copper

In other Koryx Copper news, Director Heye Edmund Daun bought 100,000 shares of the stock in a transaction dated Friday, October 24th. The shares were bought at an average cost of C$1.64 per share, for a total transaction of C$164,000.00. Following the purchase, the director directly owned 2,114,033 shares of the company’s stock, valued at approximately C$3,467,014.12. This trade represents a 4.97% increase in their position. In the last quarter, insiders acquired 300,000 shares of company stock worth $470,276.