Shares of IsoEnergy Ltd. (NYSEAMERICAN:ISOU – Get Free Report) traded down 8.7% on Tuesday. The company traded as low as $8.23 and last traded at $8.19. 20,610 shares were traded during trading, a decline of 84% from the average session volume of 131,740 shares. The stock had previously closed at $8.97.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada initiated coverage on IsoEnergy in a report on Thursday, October 1st. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, IsoEnergy currently has an average rating of “Strong Buy”.
Read Our Latest Stock Report on IsoEnergy
IsoEnergy Stock Performance
The company has a market capitalization of $528.44 million, a PE ratio of -89.32 and a beta of 1.87. The company’s 50-day moving average is $9.42 and its 200 day moving average is $10.43.
IsoEnergy (NYSEAMERICAN:ISOU – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.05). On average, analysts forecast that IsoEnergy Ltd. will post -0.25 EPS for the current fiscal year.
Hedge Funds Weigh In On IsoEnergy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in shares of IsoEnergy in the 1st quarter worth $9,644,000. Masters Capital Management LLC purchased a new stake in shares of IsoEnergy during the first quarter valued at $7,378,000. Firetrail Investments PTY Ltd. purchased a new stake in shares of IsoEnergy during the second quarter valued at $2,903,000. Acasta Partners UK LLP boosted its position in shares of IsoEnergy by 88.4% during the second quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock valued at $1,501,000 after buying an additional 70,700 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in IsoEnergy by 13.5% in the 1st quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock worth $1,181,000 after buying an additional 13,363 shares in the last quarter.
IsoEnergy Company Profile
IsoEnergy Ltd. is a uranium exploration and development company focused primarily on identifying and advancing uranium resources in Canada’s Athabasca Basin, one of the world’s leading uranium-producing regions. The company’s activities include mineral exploration, geological evaluation, resource definition and the development of potential uranium mining projects. IsoEnergy’s flagship asset is the Hurricane uranium deposit at its Larocque East property in northern Saskatchewan. The company has described Hurricane as a high-grade uranium discovery and continues to evaluate its development potential through exploration, technical studies and related project work.
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