Karora Resources (TSE:KRR) Trading Up 6.2%

Karora Resources Inc. (TSE:KRR) shares shot up 6.2% during trading on Tuesday . The stock traded as high as C$4.47 and last traded at C$4.47. 94,673 shares were traded during mid-day trading, a decline of 83% from the average session volume of 541,521 shares. The stock had previously closed at C$4.21.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KRR shares. Eight Capital set a C$7.00 price target on Karora Resources and gave the company a “buy” rating in a research report on Thursday, August 3rd. Desjardins dropped their target price on shares of Karora Resources from C$7.00 to C$6.75 and set a “buy” rating on the stock in a report on Monday, November 13th. Finally, CIBC reduced their price target on shares of Karora Resources from C$5.50 to C$5.25 and set a “neutral” rating on the stock in a research report on Monday, November 13th.

Karora Resources Stock Up 5.5 %

The firm has a market cap of C$789.17 million, a P/E ratio of 35.08 and a beta of 2.04. The firm’s 50-day moving average price is C$4.08 and its 200 day moving average price is C$4.37. The company has a quick ratio of 1.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94.

Karora Resources Company Profile

Karora Resources Inc operates as a multi-asset 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.