Copper Fox Metals (CVE:CUU) Stock Price Up 17.2% – Here’s What Happened

Shares of Copper Fox Metals Inc. (CVE:CUU) shot up 17.2% during trading on Wednesday . The stock traded as high as C$0.52 and last traded at C$0.51. 708,468 shares changed hands during mid-day trading, an increase of 644% from the average session volume of 95,229 shares. The stock had previously closed at C$0.44.

Key Copper Fox Metals News

Here are the key news stories impacting Copper Fox Metals this week:

• Neutral Sentiment: Copper Fox publicly congratulated Teck and Anglo American on receiving Canadian regulatory approval for their transaction — a consolidation event in the copper space that could influence investor sentiment toward copper exposure but does not directly change Copper Fox’s project portfolio or near-term development plans. Copper Fox Metals Congratulates Teck Resources and Anglo American as Canadian Regulatory Approval Is Received

Copper Fox Metals Stock Performance

The company has a current ratio of 4.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.10. The company has a market capitalization of C$316.32 million, a PE ratio of -507.85 and a beta of 2.07. The firm’s 50-day simple moving average is C$0.40 and its 200-day simple moving average is C$0.32.

About Copper Fox Metals

Copper Fox Metals Inc engages in the exploration and development of copper mineral properties in Canada and the United States. The company holds interest in the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. It also holds interest in the Eaglehead porphyry copper project located in the Liard Mining District of British Columbia; Van Dyke, an advanced stage in-situ copper recovery project located in the Globe-Miami Mining District, Arizona; Sombrero Butte project located in the northeast of Tucson, Arizona; and Mineral Mountain copper project, which is located in Florence, Arizona.