Kincora Copper (CVE:KCC) Trading Down 2.1% – Time to Sell?

Kincora Copper Limited (CVE:KCC) shares dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as C$0.94 and last traded at C$0.95. Approximately 31,357 shares were traded during trading, a decline of 46% from the average daily volume of 57,723 shares. The stock had previously closed at C$0.97.

Kincora Copper Price Performance

The company has a market cap of C$45.19 million, a price-to-earnings ratio of -9.50 and a beta of 3.47. The firm’s fifty day moving average price is C$1.01 and its 200-day moving average price is C$1.04.

About Kincora Copper

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. The company was formerly known as Brazilian Diamonds Limited and changed its name to Kincora Copper Limited in January 2011. Kincora Copper Limited was incorporated in 1983 and is headquartered in Vancouver, Canada.