Yellow Cake (LON:YCA) Trading Up 1.5% – Here’s Why

Yellow Cake plc (LON:YCA) traded up 1.5% during mid-day trading on Thursday . The stock traded as high as GBX 507 ($6.19) and last traded at GBX 500.50 ($6.11). 696,379 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,103,755 shares. The stock had previously closed at GBX 493.20 ($6.02).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 722 ($8.82) price objective on shares of Yellow Cake in a research report on Tuesday, December 10th.

Yellow Cake Price Performance

The stock’s fifty day moving average is GBX 525.14 and its 200-day moving average is GBX 540.57. The stock has a market capitalization of £1.09 billion, a PE ratio of 192.15 and a beta of 0.27.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.