Karora Resources Inc. (TSE:KRR - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$5.63 and last traded at C$5.55, with a volume of 607103 shares changing hands. The stock had previously closed at C$5.36.
Analyst Ratings Changes
Separately, CIBC upgraded Karora Resources from a "neutral" rating to an "outperform" rating and increased their target price for the company from C$5.25 to C$6.50 in a research note on Wednesday, February 7th.
View Our Latest Report on KRR
Karora Resources Stock Performance
The company has a current ratio of 1.68, a quick ratio of 1.04 and a debt-to-equity ratio of 17.18. The firm has a market capitalization of C$969.74 million, a price-to-earnings ratio of 108.60 and a beta of 2.00. The company has a 50-day moving average of C$4.44 and a 200-day moving average of C$4.40.
About Karora Resources
(
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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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