Insider Buying: Koryx Copper (CVE:KRY) Director Buys 34,000 Shares of Stock

Koryx Copper Inc. (CVE:KRY) Director Charles Edward Loots purchased 34,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of C$3.09 per share, with a total value of C$105,060.00. Following the transaction, the director owned 743,667 shares in the company, valued at approximately C$2,297,931.03. The trade was a 4.79% increase in their position.

Koryx Copper Stock Performance

KRY traded down C$0.15 on Friday, reaching C$3.45. The company had a trading volume of 109,161 shares, compared to its average volume of 323,011. Koryx Copper Inc. has a 52-week low of C$0.85 and a 52-week high of C$3.90. The company has a market cap of C$415.76 million, a price-to-earnings ratio of -9.08 and a beta of 1.13. The business has a 50 day simple moving average of C$2.95 and a 200 day simple moving average of C$2.02.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$3.75 price objective on shares of Koryx Copper and gave the stock a “buy” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$3.75.