Kincora Copper (CVE:KCC) Stock Price Up 26.3% – Should You Buy?

Kincora Copper Limited (CVE:KCC)’s stock price rose 26.3% on Wednesday . The stock traded as high as C$1.35 and last traded at C$1.25. Approximately 234,730 shares traded hands during trading, an increase of 474% from the average daily volume of 40,898 shares. The stock had previously closed at C$0.99.

Kincora Copper Trading Up 0.8%

The business has a 50 day moving average of C$1.03 and a 200-day moving average of C$0.97. The firm has a market capitalization of C$53.44 million, a P/E 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.