Kodiak Copper (CVE:KDK) Stock Price Down 1.5% – Time to Sell?

Kodiak Copper Corp. (CVE:KDK) shares dropped 1.5% on Wednesday. The stock traded as low as C$0.65 and last traded at C$0.66. Approximately 41,361 shares were traded during trading, a decline of 70% from the average daily volume of 137,881 shares. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

Separately, Noble Financial raised Kodiak Copper to a “strong-buy” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Kodiak Copper has an average rating of “Strong Buy”.

Kodiak Copper Price Performance

The firm has a market cap of C$74.95 million, a P/E ratio of -47.86 and a beta of 2.23.

Kodiak Copper Corp. is a mineral exploration company focused on discovering and advancing copper and gold deposits. The company does not currently produce or sell minerals; its activities include geological mapping, geochemical surveys, drilling, and other exploration work used to evaluate the potential of its mineral properties.

Its principal asset is the MPD Copper-Gold Project in south-central British Columbia, within the Quesnel Terrane, a region known for porphyry copper-gold deposits.