Karora Resources (TSE:KRR) Hits New 12-Month High at $5.66

Shares of Karora Resources Inc. (TSE:KRR) hit a new 52-week high on Thursday . The company traded as high as C$5.66 and last traded at C$5.56, with a volume of 908186 shares changing hands. The stock had previously closed at C$5.41.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KRR shares. Eight Capital downgraded Karora Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$7.00 to C$5.90 in a research note on Wednesday, April 10th. CIBC raised Karora Resources from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$5.25 to C$6.50 in a research note on Wednesday, February 7th.

Karora Resources Trading Up 0.7 %

The company has a debt-to-equity ratio of 17.18, a quick ratio of 1.04 and a current ratio of 1.68. The company has a 50-day simple moving average of C$4.69 and a 200 day simple moving average of C$4.50. The company has a market capitalization of C$1.02 billion, a P/E ratio of 113.80 and a beta of 2.00.

Karora Resources (TSE:KRR) last announced its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The firm had revenue of C$101.78 million for the quarter. Sell-side analysts expect that Karora Resources Inc. will post 0.3050655 earnings per share for the current year.

Karora Resources Company Profile

Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold, silver, and nickel deposits. It holds 100% interests in the Beta Hunt mine; the Higginsville Gold operations; and Spargos Reward Gold project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc in June 2020.