Uranium Royalty (TSE:URC) Stock Price Up 3.5% – Time to Buy?

Uranium Royalty Corp. (TSE:URC)’s share price was up 3.5% on Tuesday . The stock traded as high as C$6.00 and last traded at C$5.95. Approximately 247,355 shares changed hands during trading, a decline of 42% from the average daily volume of 428,725 shares. The stock had previously closed at C$5.75.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on shares of Uranium Royalty from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$5.25.

Uranium Royalty Trading Up 3.5%

The firm has a market cap of C$823.20 million, a P/E ratio of 595.00 and a beta of 1.41. The stock has a 50 day simple moving average of C$5.71 and a 200-day simple moving average of C$5.35.

Uranium Royalty Company Profile

Uranium Royalty Corp is focused on gaining exposure to uranium prices by making investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, and through holdings of physical uranium. The company operates in a single segment, the investment in a portfolio of uranium interests.