After Today’s Huge Decline, Is Kincora Copper Ltd’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Kincora Copper Ltd's Near Term Analysis Negative?

The stock of Kincora Copper Ltd (CVE:KCC) is a huge mover today! About 62,000 shares traded hands or 89.20% up from the average. Kincora Copper Ltd (CVE:KCC) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
The move comes after 7 months negative chart setup for the $19.32 million company. It was reported on Nov, 28 by Barchart.com. We have $0.35 PT which if reached, will make CVE:KCC worth $1.74 million less.

More news for Kincora Copper Ltd (CVE:KCC) were recently published by: Marketwired.com, which released: “Ivanhoe Industries, LLC : Acquisition of Common Shares and Warrants of Kincora …” on May 27, 2016. Juniorminingnetwork.com‘s article titled: “Kincora Copper Appoints Peter Leaman as Senior Vice-President of Exploration …” and published on November 14, 2016 is yet another important article.

Kincora Copper Limited is an exploration-stage company. The company has a market cap of $19.32 million. The Firm operates as a junior resource company, which is engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia, and is assessing other options in and outside of Mongolia, both with near construction and production assets. It currently has negative earnings. The Company’s asset is the Bronze Fox copper-gold project.

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