Uranium Royalty (NASDAQ:UROY) Shares Up 3.7%

Shares of Uranium Royalty Corp. (NASDAQ:UROY) rose 3.7% during trading on Wednesday . The company traded as high as $2.78 and last traded at $2.77. Approximately 1,282,707 shares changed hands during trading, an increase of 137% from the average daily volume of 542,213 shares. The stock had previously closed at $2.67.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on Uranium Royalty from $6.00 to $6.20 and gave the company a “buy” rating in a research note on Tuesday, August 22nd.

Uranium Royalty Trading Up 3.7 %

The business’s 50-day simple moving average is $2.23 and its two-hundred day simple moving average is $2.11. The company has a market capitalization of $278.02 million, a PE ratio of -69.25 and a beta of 1.76.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Thursday, July 13th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $10.22 million during the quarter. On average, analysts forecast that Uranium Royalty Corp. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Uranium Royalty

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. bought a new stake in shares of Uranium Royalty during the 1st quarter valued at about $77,000. Bank of Montreal Can bought a new position in shares of Uranium Royalty during the first quarter valued at approximately $1,252,000. Jane Street Group LLC raised its position in shares of Uranium Royalty by 272.9% during the 1st quarter. Jane Street Group LLC now owns 170,396 shares of the company’s stock worth $670,000 after purchasing an additional 124,700 shares during the period. UBS Group AG raised its position in shares of Uranium Royalty by 74.1% during the 2nd quarter. UBS Group AG now owns 167,713 shares of the company’s stock worth $381,000 after purchasing an additional 71,386 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Uranium Royalty in the 2nd quarter worth approximately $206,000. 6.50% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

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.