CanAlaska Uranium (CVE:CVV) Shares Up 2.9% – Still a Buy?

CanAlaska Uranium Ltd. (CVE:CVVGet Free Report)’s share price traded up 2.9% during mid-day trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.35. Approximately 482,985 shares changed hands during trading, a decline of 32% from the average daily volume of 710,065 shares. The stock had previously closed at C$0.34.

CanAlaska Uranium Stock Performance

The firm has a market cap of C$74.84 million, a P/E ratio of -3.78 and a beta of -0.03. The company’s 50 day moving average is C$0.49 and its 200 day moving average is C$0.67.

Insiders Place Their Bets

In other CanAlaska Uranium news, insider Nathan Jeffrey Bridge sold 50,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$0.62, for a total value of C$31,000.00. Following the completion of the transaction, the insider owned 55,500 shares of the company’s stock, valued at C$34,410. This represents a 47.39% decrease in their position. In the last 90 days, insiders sold 75,000 shares of company stock worth $46,505.

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