Koryx Copper (CVE:KRY) Shares Down 8% – What’s Next?

Koryx Copper Inc. (CVE:KRY) fell 8% during trading on Friday. The stock traded as low as C$2.92 and last traded at C$2.94. Approximately 219,484 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 147,435 shares. The stock had previously closed at C$3.20.

Analyst Ratings Changes

Separately, BMO Capital Markets set a C$6.00 target price on shares of Koryx Copper and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.25.

Koryx Copper Stock Down 8.0%

The firm has a market cap of C$357.99 million, a P/E ratio of -6.54 and a beta of 0.69. The business has a fifty day moving average of C$3.50 and a 200 day moving average of C$3.31.