Uranium Royalty (TSE:URC) Stock Price Up 14.7% – Here’s Why

Shares of Uranium Royalty Corp. (TSE:URC) shot up 14.7% during mid-day trading on Thursday . The stock traded as high as C$3.76 and last traded at C$3.74. 416,358 shares were traded during trading, an increase of 92% from the average session volume of 217,375 shares. The stock had previously closed at C$3.26.

Analyst Upgrades and Downgrades

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

Uranium Royalty Trading Down 2.4 %

The company has a market cap of C$437.40 million, a P/E ratio of 51.43 and a beta of 1.69. The company’s fifty day moving average is C$3.69 and its 200 day moving average is C$3.35.

Uranium Royalty (TSE:URC) last announced its quarterly earnings data on Thursday, September 12th. The company reported C($0.02) earnings per share (EPS) for the quarter. Uranium Royalty had a net margin of 20.29% and a return on equity of 3.83%.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.