Kincora Copper (CVE:KCC) Trading 18.2% Higher – Here’s What Happened

Kincora Copper Limited (CVE:KCC) shares rose 18.2% on Tuesday . The stock traded as high as C$1.18 and last traded at C$1.17. Approximately 109,511 shares changed hands during mid-day trading, an increase of 225% from the average daily volume of 33,692 shares. The stock had previously closed at C$0.99.

Kincora Copper Price Performance

The firm has a market cap of C$51.31 million, a P/E ratio of -10.00 and a beta of 1.87. The company’s 50-day simple moving average is C$1.01 and its 200 day simple moving average is C$0.96.

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.