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

Key Points

  • Director Charles Edward Loots purchased 34,000 shares of Koryx Copper on Feb. 19 at C$3.09 per share for a total of C$105,060, boosting his holding to 743,667 shares (a 4.79% increase).
  • KRY opened at C$3.45 and is trading near its 1‑year high (C$3.90) with a market cap of C$415.8M and 50/200‑day moving averages of C$2.95/C$2.03; analysts have a consensus Strong Buy rating and a C$3.75 price target (Stifel Nicolaus: C$3.75, Buy).

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

Koryx Copper Price Performance

Shares of KRY stock opened at C$3.45 on Friday. The business has a 50-day moving average of C$2.95 and a 200 day moving average of C$2.03. Koryx Copper Inc. has a 1-year low of C$0.85 and a 1-year high of C$3.90. The stock has a market capitalization of C$415.76 million, a PE ratio of -9.08 and a beta of 1.13.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on KRY

Further Reading

Insider Buying and Selling by Quarter for Koryx Copper (CVE:KRY)

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