Karora Resources Inc. (TSE:KRR - Get Free Report)'s share price traded up 5.4% during mid-day trading on Wednesday . The stock traded as high as C$5.46 and last traded at C$5.43. 335,759 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 561,012 shares. The stock had previously closed at C$5.15.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. CIBC upgraded shares of Karora Resources from a "neutral" rating to an "outperform" rating and raised their target price for the stock from C$5.25 to C$6.50 in a report on Wednesday, February 7th. Eight Capital lowered shares of Karora Resources from a "buy" rating to a "neutral" rating and lowered their target price for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th.
View Our Latest Report on Karora Resources
Karora Resources Stock Up 5.0 %
The business's fifty day moving average is C$4.63 and its two-hundred day moving average is C$4.48. The company has a market cap of C$966.17 million, a P/E ratio of 108.20 and a beta of 2.00. The company has a debt-to-equity ratio of 17.18, a quick ratio of 1.04 and a current ratio of 1.68.
Karora Resources (TSE:KRR - Get Free Report) last announced its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 earnings per share for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.05). Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The company had revenue of C$101.78 million for the quarter. Equities analysts predict that Karora Resources Inc. will post 0.3050655 EPS for the current year.
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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