Yellow Cake (OTCMKTS:YLLXF) Stock Price Down 5% – Here’s Why

Yellow Cake plc (OTCMKTS:YLLXF)’s share price was down 5% during mid-day trading on Friday . The company traded as low as $8.05 and last traded at $8.05. Approximately 3,268 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 5,494 shares. The stock had previously closed at $8.47.

Wall Street Analyst Weigh In

YLLXF has been the topic of a number of research analyst reports. Panmure Gordon upgraded shares of Yellow Cake to a “buy” rating in a report on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Yellow Cake in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Yellow Cake Stock Performance

The firm’s 50 day simple moving average is $7.33 and its 200-day simple moving average is $7.17.

About Yellow Cake

Yellow Cake (OTCMKTS:YLLXF) is a UK-listed investment company that provides investors with direct exposure to the uranium market by acquiring and holding physical uranium oxide (U₃O₈). The company’s principal activity is to purchase uranium in the open market and store it for the benefit of shareholders, offering a cost-efficient alternative to direct commodity ownership. Through its structure, Yellow Cake seeks to reflect the price performance of uranium without engaging in traditional mining operations, exploration activities or the production of nuclear fuel.

Under a long-term framework agreement with Kazatomprom, the world’s largest producer of uranium, Yellow Cake has sourced material at favourable pricing terms.