Karora Resources (TSE:KRR) Trading 7% Higher

Karora Resources Inc. (TSE:KRR – Get Rating) traded up 7% during mid-day trading on Friday . The stock traded as high as C$4.75 and last traded at C$4.74. 322,999 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 593,725 shares. The stock had previously closed at C$4.43.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. CIBC lifted their price target on shares of Karora Resources from C$4.50 to C$5.20 in a research report on Tuesday, February 7th. Canaccord Genuity Group reduced their price target on shares of Karora Resources from C$6.00 to C$5.50 in a research report on Monday, February 13th.

Karora Resources Stock Up 8.4 %

The company has a current ratio of 1.82, a quick ratio of 1.04 and a debt-to-equity ratio of 14.30. The stock has a market capitalization of C$830.88 million, a PE ratio of 160.00 and a beta of 0.87. The stock’s fifty day simple moving average is C$4.74 and its 200-day simple moving average is C$3.99.

About Karora Resources

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Karora Resources Inc operates as a multi-operational 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.