Charles Edward Loots Buys 34,000 Shares of Koryx Copper (CVE:KRY) Stock

Koryx Copper Inc. (CVE:KRY) Director Charles Edward Loots purchased 34,000 shares of the stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of C$3.09 per share, for a total transaction of C$105,060.00. Following the acquisition, the director owned 743,667 shares in the company, valued at approximately C$2,297,931.03. This represents a 4.79% increase in their ownership of the stock.

Koryx Copper Stock Down 4.2%

CVE:KRY opened at C$3.45 on Monday. The stock has a market cap of C$415.76 million, a P/E ratio of -9.08 and a beta of 1.13. The business’s 50-day moving average price is C$2.95 and its two-hundred day moving average price is C$2.04. Koryx Copper Inc. has a twelve month low of C$0.85 and a twelve month high of C$3.90.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus set a C$3.75 target price on shares of Koryx Copper and gave the company a “buy” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Koryx Copper has a consensus rating of “Strong Buy” and an average price target of C$3.75.