IsoEnergy (NYSEAMERICAN:ISOU) Shares Gap Down – Time to Sell?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) gapped down prior to trading on Wednesday . The stock had previously closed at $10.32, but opened at $9.30. IsoEnergy shares last traded at $9.5360, with a volume of 902 shares trading hands.

IsoEnergy Trading Up 4.4%

The stock has a 50 day moving average of $10.97. The stock has a market capitalization of $619.96 million, a P/E ratio of -92.64 and a beta of 1.47.

Hedge Funds Weigh In On IsoEnergy

A number of hedge funds and other institutional investors have recently made changes to their positions in ISOU. Royal Bank of Canada increased its stake in shares of IsoEnergy by 581.0% during the first quarter. Royal Bank of Canada now owns 4,202 shares of the company’s stock valued at $44,000 after buying an additional 3,585 shares during the period. Wealthspire Retirement LLC lifted its stake in IsoEnergy by 19.8% in the first quarter. Wealthspire Retirement LLC now owns 27,800 shares of the company’s stock worth $293,000 after acquiring an additional 4,600 shares during the period. Themes Management Co LLC lifted its stake in IsoEnergy by 89.4% in the first quarter. Themes Management Co LLC now owns 71,791 shares of the company’s stock worth $761,000 after acquiring an additional 33,891 shares during the period. Banque Cantonale Vaudoise grew its holdings in IsoEnergy by 3.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 101,478 shares of the company’s stock worth $1,072,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in IsoEnergy by 13.5% during the 1st quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock worth $1,181,000 after acquiring an additional 13,363 shares in the last quarter.

IsoEnergy Company Profile

IsoEnergy (NYSEAMERICAN: ISOU) is a Canadian uranium exploration and development company focused on identifying and advancing high-grade uranium deposits. The company concentrates its activities in the Athabasca Basin of Saskatchewan, a globally significant uranium-producing district known for high-grade deposits. IsoEnergy’s operations center on systematic exploration, drilling, resource definition and the early-stage technical work necessary to advance discoveries toward potential development.

IsoEnergy’s work program typically includes geophysical and geochemical surveys, diamond drilling campaigns, resource modeling and metallurgical and environmental baseline studies.