Karora Resources (TSE:KRR) Trading Up 7%

Karora Resources Inc. (TSE:KRR – Get Rating)’s share price was up 7% during trading on Friday . The company traded as high as C$4.75 and last traded at C$4.74. Approximately 322,999 shares changed hands during trading, a decline of 46% from the average daily volume of 593,725 shares. The stock had previously closed at C$4.43.

Analyst Ratings Changes

A number of equities analysts recently commented on KRR shares. Canaccord Genuity Group decreased their target price on Karora Resources from C$6.00 to C$5.50 in a report on Monday, February 13th. CIBC increased their price objective on Karora Resources from C$4.50 to C$5.20 in a report on Tuesday, February 7th.

Karora Resources Stock Performance

The business has a fifty day simple moving average of C$4.74 and a 200-day simple moving average of C$3.99. The company has a quick ratio of 1.04, a current ratio of 1.82 and a debt-to-equity ratio of 14.30. The firm has a market cap of C$830.88 million, a P/E ratio of 160.00 and a beta of 0.87.

Karora Resources Company Profile

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Karora Resources Inc operates as a multi-operational mineral resource company in Australia. The company explores for gold and nickel deposits. It holds 100% interests in the Beta Hunt Gold 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.