Yellow Cake (LON:YCA) Trading Down 3.5%

Yellow Cake plc (LON:YCA)’s stock price dropped 3.5% on Tuesday . The stock traded as low as GBX 573.50 ($7.28) and last traded at GBX 577 ($7.32). Approximately 954,244 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 985,166 shares. The stock had previously closed at GBX 598 ($7.59).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 776 ($9.84) target price on shares of Yellow Cake in a research report on Tuesday, June 4th.

Yellow Cake Stock Down 0.8 %

The company has a fifty day simple moving average of GBX 641.38 and a 200-day simple moving average of GBX 644.63. The firm has a market cap of £1.27 billion, a P/E ratio of 294.75 and a beta of 0.28.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.