CanAlaska Uranium (CVE:CVV) Shares Down 1.3% – Time to Sell?

CanAlaska Uranium Ltd. (CVE:CVV)’s stock price dropped 1.3% during trading on Wednesday . The stock traded as low as C$0.74 and last traded at C$0.75. Approximately 890,644 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 616,256 shares. The stock had previously closed at C$0.76.

Wall Street Analysts Forecast Growth

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

CanAlaska Uranium Trading Down 1.3%

The stock has a market capitalization of C$165.09 million, a PE ratio of -8.33 and a beta of 0.11. The firm has a 50 day moving average price of C$0.78 and a 200 day moving average price of C$0.77.