CanAlaska Uranium (CVE:CVV) Trading Up 6.1% – Still a Buy?

CanAlaska Uranium Ltd. (CVE:CVV)’s share price traded up 6.1% on Wednesday . The stock traded as high as C$0.70 and last traded at C$0.70. 298,865 shares were traded during trading, a decline of 56% from the average session volume of 684,278 shares. The stock had previously closed at C$0.66.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a C$1.35 price target on CanAlaska Uranium and gave the stock a “moderate buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$1.35.

CanAlaska Uranium Trading Up 6.1%

The business’s 50-day simple moving average is C$0.82 and its 200 day simple moving average is C$0.80. The company has a market capitalization of C$154.08 million, a P/E ratio of -7.78 and a beta of -0.23.