CanAlaska Uranium (OTCMKTS:CVVUF) Trading Down 2.3% – Here’s Why

CanAlaska Uranium Ltd. (OTCMKTS:CVVUFGet Free Report) shares traded down 2.3% on Thursday . The stock traded as low as $0.6711 and last traded at $0.71. 498,456 shares changed hands during mid-day trading, an increase of 207% from the average session volume of 162,582 shares. The stock had previously closed at $0.7266.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a $1.35 target price on shares of CanAlaska Uranium in a report on Monday, January 19th.

View Our Latest Report on CanAlaska Uranium

CanAlaska Uranium Stock Down 6.4%

The firm’s fifty day moving average is $0.50 and its 200 day moving average is $0.60.

About CanAlaska Uranium

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CanAlaska Uranium Ltd. (OTCMKTS: CVVUF) is a Canada‐based mineral exploration company focused primarily on the discovery and development of uranium projects in Western Canada. Established in 1988 and headquartered in Vancouver, British Columbia, CanAlaska maintains a diversified portfolio of exploration properties, with an emphasis on the prolific Athabasca Basin region of northern Saskatchewan. The company is engaged in all stages of exploration, from initial target generation and airborne geophysics to deep‐drill testing and resource estimation.

CanAlaska’s business model centers on securing high‐potential tenure while partnering with larger industry players to advance drilling programs.

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