Kincora Copper Limited (CVE:KCC – Get Free Report) dropped 8.5% during trading on Friday . The company traded as low as C$0.90 and last traded at C$0.97. Approximately 86,453 shares changed hands during trading, an increase of 139% from the average daily volume of 36,145 shares. The stock had previously closed at C$1.06.
Kincora Copper Price Performance
The company’s 50-day moving average is C$1.01 and its 200-day moving average is C$0.94. The firm has a market capitalization of C$41.47 million, a price-to-earnings ratio of -8.08 and a beta of 2.15.
About Kincora Copper
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.
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