Kincora Copper (CVE:KCC) Shares Up 26.3% – Here’s What Happened

Kincora Copper Limited (CVE:KCC) shot up 26.3% during trading on Wednesday . The company traded as high as C$1.35 and last traded at C$1.25. 234,730 shares traded hands during mid-day trading, an increase of 474% from the average session volume of 40,898 shares. The stock had previously closed at C$0.99.

Kincora Copper Trading Up 0.8%

The firm’s fifty day moving average price is C$1.03 and its 200 day moving average price is C$0.97. The stock has a market capitalization of C$53.44 million, a price-to-earnings ratio of -10.42 and a beta of 1.87.

About Kincora Copper

Kincora Copper Limited engages in acquisition, exploration, and evaluation of mineral properties in Mongolia and Australia. It primarily explores for copper and gold deposits. The company's flagship project is the Trundle Project, including one license covering an area of 167km2 located in the Junee-Narromine volcanic belt of the Macquarie Arc. The company was formerly known as Brazilian Diamonds Limited and changed its name to Kincora Copper Limited in January 2011. Kincora Copper Limited was incorporated in 1983 and is headquartered in Vancouver, Canada.