Kincora Copper (CVE:KCC) Shares Down 16.7% – Here’s Why

Shares of Kincora Copper Limited (CVE:KCC) were down 16.7% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 357,000 shares were traded during trading, an increase of 216% from the average daily volume of 112,918 shares. The stock had previously closed at C$0.03.

Kincora Copper Trading Down 16.7 %

The stock has a market capitalization of C$7.11 million, a P/E ratio of -2.92 and a beta of 2.06. The stock’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.04.

Kincora Copper Company Profile

Kincora Copper Limited engages in acquisition, exploration, and evaluation of mineral properties in Mongolia and Australia. It primarily explores for copper and gold deposits. The company's flagship project is the Trundle Project, including one license covering an area of 167km2 located in the Junee-Narromine volcanic belt of the Macquarie Arc.