Karora Resources Inc. (TSE:KRR – Get Free Report)’s share price shot up 5.4% on Wednesday . The stock traded as high as C$5.46 and last traded at C$5.43. 335,759 shares traded hands during 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 Analyst Weigh In
Several research firms have weighed in on KRR. CIBC raised Karora Resources from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$5.25 to C$6.50 in a research report on Wednesday, February 7th. Eight Capital downgraded Karora Resources from a “buy” rating to a “neutral” rating and dropped their price target for the stock from C$7.00 to C$5.90 in a research report on Wednesday, April 10th.
Get Our Latest Research Report on Karora Resources
Karora Resources Stock Up 4.4 %
Karora Resources (TSE:KRR – Get Free Report) last issued its quarterly earnings data on Friday, March 22nd. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.05). Karora Resources had a return on equity of 2.49% and a net margin of 2.14%. The company had revenue of C$101.78 million for the quarter. As a group, analysts predict that Karora Resources Inc. will post 0.3050655 EPS for the current fiscal year.
Karora Resources Company Profile
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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