Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Koryx Copper ( (TSE:KRY) ) has provided an update.
Koryx Copper Inc. has closed a C$46 million bought deal private placement led by Stifel Canada and a syndicate of underwriters, issuing 18,776,050 common shares at C$2.45 each, and has launched a concurrent non-brokered private placement of up to C$5 million aimed predominantly at Namibian institutional and retail investors at the same price. The combined proceeds are earmarked to advance technical studies and exploration at the Haib Copper Project in Namibia as well as for working capital and general corporate purposes, underscoring the company’s strategy to deepen local ownership in Namibia while strengthening its financial position to progress its flagship copper asset.
The most recent analyst rating on (TSE:KRY) stock is a Buy with a C$3.75 price target. To see the full list of analyst forecasts on Koryx Copper stock, see the TSE:KRY Stock Forecast page.
More about Koryx Copper
Koryx Copper Inc. is a Vancouver-based mining company focused on copper exploration and development, with a key asset being the Haib Copper Project in Namibia. The company targets international institutional and retail investors, with a particular strategic emphasis on expanding its Namibian shareholder base.
YTD Price Performance: 13.81%
Average Trading Volume: 112,779
Technical Sentiment Signal: Buy
Current Market Cap: C$268.7M
Learn more about KRY stock on TipRanks’ Stock Analysis page.