Karora Resources (TSE:KRR) Trading 6.7% Higher

Karora Resources Inc. (TSE:KRRGet Free Report) shares rose 6.7% on Wednesday . The company traded as high as C$4.31 and last traded at C$4.27. Approximately 115,375 shares were traded during trading, a decline of 56% from the average daily volume of 263,376 shares. The stock had previously closed at C$4.00.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KRR shares. Desjardins reduced their price objective on shares of Karora Resources from C$7.00 to C$6.75 and set a “buy” rating on the stock in a research note on Monday, November 13th. CIBC upgraded Karora Resources from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$5.25 to C$6.50 in a report on Wednesday.

Read Our Latest Research Report on Karora Resources

Karora Resources Price Performance

The business has a 50-day moving average of C$4.57 and a 200 day moving average of C$4.36. The firm has a market capitalization of C$737.62 million, a P/E ratio of 34.58 and a beta of 2.03. The company has a current ratio of 2.04, a quick ratio of 1.04 and a debt-to-equity ratio of 16.94.

Karora Resources (TSE:KRRGet Free Report) last issued its earnings results on Friday, November 10th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.01). The firm had revenue of C$107.14 million for the quarter. Karora Resources had a return on equity of 5.85% and a net margin of 4.91%. On average, sell-side analysts predict that Karora Resources Inc. will post 0.4470457 earnings per share for the current fiscal year.

Karora Resources Company Profile

(Get Free Report)

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.

Further Reading

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