CanAlaska Uranium (OTCMKTS:CVVUF) Trading Down 4.4% – Here’s Why

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) fell 4.4% during mid-day trading on Tuesday . The company traded as low as $0.4974 and last traded at $0.50. 38,930 shares were traded during trading, a decline of 64% from the average session volume of 106,776 shares. The stock had previously closed at $0.5230.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a $1.35 price target on CanAlaska Uranium in a research report on Monday, January 19th.

CanAlaska Uranium Stock Down 4.4%

The firm has a fifty day moving average price of $0.58 and a 200 day moving average price of $0.57.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (OTCMKTS: CVVUF) is a Canada‐based mineral exploration company focused primarily on the discovery and development of uranium projects in Western Canada. Established in 1988 and headquartered in Vancouver, British Columbia, CanAlaska maintains a diversified portfolio of exploration properties, with an emphasis on the prolific Athabasca Basin region of northern Saskatchewan. The company is engaged in all stages of exploration, from initial target generation and airborne geophysics to deep‐drill testing and resource estimation.

CanAlaska’s business model centers on securing high‐potential tenure while partnering with larger industry players to advance drilling programs.