Karora Resources (TSE:KRR) Sets New 12-Month High at $5.80

Karora Resources Inc. (TSE:KRR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$5.80 and last traded at C$5.80, with a volume of 728748 shares trading hands. The stock had previously closed at C$5.57.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KRR shares. Desjardins raised their price target on shares of Karora Resources from C$5.65 to C$5.97 and gave the stock a “tender” rating in a research report on Thursday, June 6th. Canaccord Genuity Group cut their price target on shares of Karora Resources from C$8.73 to C$6.25 in a report on Tuesday, April 23rd. Finally, Eight Capital lowered shares of Karora Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from C$7.00 to C$5.90 in a report on Wednesday, April 10th.

Karora Resources Trading Up 1.0 %

The stock has a market cap of C$1.05 billion, a P/E ratio of 117.40 and a beta of 2.06. The firm’s 50 day simple moving average is C$5.48 and its two-hundred day simple moving average is C$4.89. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18.

Karora Resources (TSE:KRR) last released its quarterly earnings data on Monday, May 13th. The company reported C$0.07 earnings per share for the quarter. Karora Resources had a net margin of 2.14% and a return on equity of 2.49%. The firm had revenue of C$115.54 million for the quarter. As a group, equities research analysts predict that Karora Resources Inc. will post 0.6099675 earnings per share for the current fiscal year.

About Karora Resources

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.