Yellow Cake (OTCMKTS:YLLXF) Stock Price Up 4.2% – Should You Buy?

Shares of Yellow Cake plc (OTCMKTS:YLLXF) traded up 4.2% during trading on Monday . The company traded as high as $9.1690 and last traded at $9.1690. 1,265 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 6,243 shares. The stock had previously closed at $8.7970.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on YLLXF shares. Citigroup restated a “buy” rating on shares of Yellow Cake in a research report on Thursday, January 15th. Panmure Gordon raised Yellow Cake to a “buy” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake has an average rating of “Buy”.

Yellow Cake Trading Up 4.2%

The stock’s fifty day moving average price is $8.26 and its 200-day moving average price is $7.53.

About Yellow Cake

Yellow Cake (OTCMKTS:YLLXF) is a UK-listed investment company that provides investors with direct exposure to the uranium market by acquiring and holding physical uranium oxide (U₃O₈). The company’s principal activity is to purchase uranium in the open market and store it for the benefit of shareholders, offering a cost-efficient alternative to direct commodity ownership. Through its structure, Yellow Cake seeks to reflect the price performance of uranium without engaging in traditional mining operations, exploration activities or the production of nuclear fuel.

Under a long-term framework agreement with Kazatomprom, the world’s largest producer of uranium, Yellow Cake has sourced material at favourable pricing terms.