Ucore Rare Metals (OTCMKTS:UURAF) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Ucore Rare Metals Inc. (OTCMKTS:UURAF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.58 and traded as high as $6.21. Ucore Rare Metals shares last traded at $5.64, with a volume of 835,467 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James Financial started coverage on Ucore Rare Metals in a report on Wednesday, October 22nd. They issued an “outperform” rating on the stock. B. Riley began coverage on Ucore Rare Metals in a research report on Friday, November 21st. They set a “buy” rating and a $9.00 price objective for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.00.

Ucore Rare Metals Stock Down 0.7%

The business’s 50 day moving average price is $4.65 and its two-hundred day moving average price is $3.58.

About Ucore Rare Metals

Ucore Rare Metals Inc is a Canadian mineral exploration and technology development company specializing in rare earth elements (REE) and other critical metals. The company’s flagship asset is the Separation Rapids Rare Earth Project in Ontario, where it is advancing resource definition, metallurgical testing and environmental studies. Ucore’s exploration portfolio also includes satellite targets for nickel, copper and uranium, reflecting a strategic focus on metals that underpin high-technology, clean-energy and defense applications.

Beyond exploration, Ucore is developing proprietary separation and processing technologies to establish a domestic supply chain for rare earth oxides.