Copper Fox Metals shares surged 14.9% to 28.7% amid heavy trading, closing above key moving averages.

Copper Fox Metals (CVE:CUU) shares rose between 14.9% and 28.7% on Wednesday, reaching a high of C$0.56, driven by a surge in trading volume up to 959% above average. The stock closed above its 50-day and 200-day moving averages, with a market cap around C$322 million. The company, focused on copper exploration in Canada and the U.S., holds projects including Schaft Creek and Eaglehead. Financial metrics show a low debt-to-equity ratio of 0.10, strong liquidity, and a negative P/E ratio. Insider purchases were noted, but the cause of the price spike was not specified.