Uranium Royalty (TSE:URC) Trading Up 7.2% – Here’s What Happened

Uranium Royalty Corp. (TSE:URC)’s stock price rose 7.2% during mid-day trading on Friday . The stock traded as high as C$3.53 and last traded at C$3.43. Approximately 101,121 shares changed hands during trading, a decline of 37% from the average daily volume of 160,273 shares. The stock had previously closed at C$3.20.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on URC shares. B. Riley raised Uranium Royalty to a “strong-buy” rating in a research report on Sunday, October 6th. Canaccord Genuity Group reduced their target price on shares of Uranium Royalty from C$6.75 to C$6.50 and set a “speculative buy” rating for the company in a research note on Tuesday, September 24th.

Uranium Royalty Stock Performance

The company’s 50 day simple moving average is C$3.43 and its 200 day simple moving average is C$3.31. The stock has a market cap of C$410.67 million, a PE ratio of 48.29 and a beta of 1.69.

About Uranium Royalty

Uranium Royalty Corp is focused on gaining exposure to uranium prices by making investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, and through holdings of physical uranium. The company operates in a single segment, the investment in a portfolio of uranium interests.