Uranium Royalty (TSE:URC) Trading Up 2.4% – Here’s What Happened

Uranium Royalty Corp. (TSE:URC) shares traded up 2.4% during trading on Friday . The stock traded as high as C$5.89 and last traded at C$5.59. 425,151 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 366,759 shares. The stock had previously closed at C$5.46.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on URC. National Bankshares raised their target price on Uranium Royalty from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Raymond James Financial cut shares of Uranium Royalty from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$4.50 to C$5.00 in a research note on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$5.25.

Uranium Royalty Price Performance

The firm has a market cap of C$773.39 million, a PE ratio of 559.00 and a beta of 1.31. The business has a 50-day simple moving average of C$5.20 and a 200 day simple moving average of C$4.79.

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.