CanAlaska Uranium (CVE:CVV) Shares Down 9.3% – What’s Next?

CanAlaska Uranium Ltd. (CVE:CVV) dropped 9.3% during trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.88. Approximately 960,303 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 654,707 shares. The stock had previously closed at C$0.97.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$1.35 target price on shares of 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, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$1.35.

CanAlaska Uranium Trading Down 9.3%

The company has a market cap of C$193.41 million, a PE ratio of -9.78 and a beta of 0.58. The company has a fifty day simple moving average of C$0.79 and a two-hundred day simple moving average of C$0.81.