Insider Selling: Ucore Rare Metals (CVE:UCU) Insider Sells 10,000 Shares of Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Llc Orca Holdings sold 10,000 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of C$6.50, for a total transaction of C$65,000.00. Following the completion of the sale, the insider directly owned 8,941,736 shares of the company’s stock, valued at approximately C$58,121,284. This trade represents a 0.11% decrease in their ownership of the stock.

Llc Orca Holdings also recently made the following trade(s):

• On Monday, November 10th, Llc Orca Holdings sold 10,000 shares of Ucore Rare Metals stock. The stock was sold at an average price of C$7.80, for a total transaction of C$78,000.00.
• On Tuesday, October 28th, Llc Orca Holdings sold 10,000 shares of Ucore Rare Metals stock. The shares were sold at an average price of C$7.00, for a total transaction of C$70,000.00.

Ucore Rare Metals Stock Performance

Shares of Ucore Rare Metals stock traded up C$0.10 on Friday, hitting C$5.50. 433,772 shares of the company traded hands, compared to its average volume of 490,887. The company has a market capitalization of C$501.94 million, a PE ratio of -26.19 and a beta of 0.90. Ucore Rare Metals Inc. has a 52 week low of C$0.57 and a 52 week high of C$13.07.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial upped their target price on Ucore Rare Metals from C$14.50 to C$15.50 in a report on Tuesday, November 4th. B. Riley upgraded Ucore Rare Metals to a “strong-buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of C$15.50.