Karora Resources (TSE:KRR) Reaches New 52-Week High at $6.18

Karora Resources Inc. (TSE:KRRGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$6.18 and last traded at C$6.14, with a volume of 89630 shares changing hands. The stock had previously closed at C$6.16.

Wall Street Analyst Weigh In

KRR has been the subject of a number of research reports. Eight Capital cut shares of Karora Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from C$7.00 to C$5.90 in a research note on Wednesday, April 10th. Canaccord Genuity Group reduced their target price on Karora Resources from C$8.73 to C$6.25 in a report on Tuesday, April 23rd. Finally, Desjardins lifted their price target on Karora Resources from C$5.65 to C$5.97 and gave the stock a “tender” rating in a research note on Thursday, June 6th.

Check Out Our Latest Analysis on KRR

Karora Resources Stock Performance

The firm’s fifty day moving average price is C$5.53 and its 200 day moving average price is C$4.91. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 123.20 and a beta of 2.06. The company has a current ratio of 1.68, a quick ratio of 1.04 and a debt-to-equity ratio of 17.18.

Karora Resources (TSE:KRRGet Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.07 earnings per share for the quarter. Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The firm had revenue of C$115.54 million during the quarter. Analysts forecast that Karora Resources Inc. will post 0.6099675 EPS for the current fiscal year.

About Karora Resources

(Get Free Report)

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

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