CanAlaska Uranium (OTCMKTS:CVVUF) Shares Up 0.8% – Here’s Why

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) traded up 0.8% during mid-day trading on Friday . The company traded as high as $0.6550 and last traded at $0.6449. 21,838 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 130,701 shares. The stock had previously closed at $0.64.

Analyst Upgrades and Downgrades

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

CanAlaska Uranium Stock Performance

The business’s 50 day simple moving average is $0.55 and its 200-day simple moving average is $0.59.

CanAlaska Uranium Company Profile

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.