Kincora Copper (CVE:KCC) Shares Down 16.7% – Time to Sell?

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

Kincora Copper Price Performance

The stock has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The stock has a market capitalization of C$7.11 million, a P/E ratio of -2.92 and a beta of 2.06.

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.