Kincora Copper (CVE:KCC) Shares Up 29.9% – Still a Buy?

Kincora Copper Limited (CVE:KCC)’s share price shot up 29.9% during mid-day trading on Wednesday . The company traded as high as C$1.79 and last traded at C$1.65. 111,897 shares were traded during trading, an increase of 122% from the average session volume of 50,331 shares. The stock had previously closed at C$1.27.

Kincora Copper Trading Up 23.6%

The stock has a market cap of C$67.13 million, a PE ratio of -13.08 and a beta of 1.87. The business has a 50-day moving average price of C$1.08 and a 200 day moving average price of C$1.01.

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.