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

Kincora Copper Limited (CVE:KCC) shares dropped 16.7% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 357,000 shares changed hands during mid-day 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 Stock Down 16.7 %

The company has a market capitalization of C$7.11 million, a PE ratio of -2.92 and a beta of 2.06. The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04.

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.