Koryx Copper (CVE:KRY) Upgraded at Stifel Canada

Koryx Copper (CVE:KRY) was upgraded by stock analysts at Stifel Canada to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, Stifel Nicolaus set a C$3.75 price objective on shares of Koryx Copper and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of C$3.75.

Koryx Copper Stock Performance

CVE KRY opened at C$2.23 on Wednesday. The business’s 50 day moving average price is C$1.74 and its 200-day moving average price is C$1.32. Koryx Copper has a fifty-two week low of C$0.85 and a fifty-two week high of C$2.26. The company has a market cap of C$213.15 million, a P/E ratio of -13.94 and a beta of 1.07.

Insider Buying and Selling at Koryx Copper

In other Koryx Copper news, Director Heye Edmund Daun purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of C$1.64 per share, with a total value of C$164,000.00. Following the purchase, the director owned 2,114,033 shares of the company’s stock, valued at approximately C$3,467,014.12. The trade was a 4.97% increase in their ownership of the stock. Insiders purchased 300,000 shares of company stock valued at $470,276 in the last quarter.