CanAlaska Uranium (CVE:CVV) Shares Up 15.8% – Time to Buy?

CanAlaska Uranium Ltd. (CVE:CVV) shares rose 15.8% during mid-day trading on Monday . The stock traded as high as C$0.88 and last traded at C$0.88. Approximately 511,466 shares traded hands during trading, a decline of 35% from the average daily volume of 789,096 shares. The stock had previously closed at C$0.76.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$1.35 price target on CanAlaska Uranium and gave the company a “moderate buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, CanAlaska Uranium presently has an average rating of “Buy” and a consensus price target of C$1.35.

CanAlaska Uranium Trading Up 15.8%

The company has a market cap of C$193.41 million, a P/E ratio of -9.78 and a beta of 0.58. The company has a 50 day moving average price of C$0.71 and a 200-day moving average price of C$0.82.