Uranium Royalty (TSE:URC) Trading Up 4.5% – Time to Buy?

Uranium Royalty Corp. (TSE:URC)’s stock price rose 4.5% during trading on Thursday . The company traded as high as C$5.33 and last traded at C$5.33. Approximately 289,597 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 239,770 shares. The stock had previously closed at C$5.10.

Wall Street Analyst Weigh In

Separately, Raymond James Financial cut shares of Uranium Royalty from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$4.50 to C$5.00 in a research report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$4.63.

Uranium Royalty Price Performance

The firm has a market cap of C$676.21 million, a P/E ratio of -506.00 and a beta of 1.53. The stock’s 50-day simple moving average is C$5.54 and its two-hundred day simple moving average is C$4.51.

Uranium Royalty Company Profile

Uranium Royalty Corp is focused on gaining exposure to uranium prices by making investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, and through holdings of physical uranium. The company operates in a single segment, the investment in a portfolio of uranium interests.