CanAlaska Uranium (CVE:CVV) Stock Price Up 2.9% – Should You Buy?

Shares of CanAlaska Uranium Ltd. (CVE:CVV) shot up 2.9% on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.35. Approximately 482,985 shares traded hands during trading, a decline of 32% from the average daily volume of 710,065 shares. The stock had previously closed at C$0.34.

CanAlaska Uranium Trading Up 2.9%

The stock has a 50 day simple moving average of C$0.50 and a 200 day simple moving average of C$0.67. The firm has a market capitalization of C$78.14 million, a PE ratio of -3.94 and a beta of -0.03.

Insider Activity at CanAlaska Uranium

In related news, insider Nathan Jeffrey Bridge sold 50,000 shares of CanAlaska Uranium stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$0.62, for a total value of C$31,000.00. Following the transaction, the insider directly owned 55,500 shares of the company’s stock, valued at C$34,410. The trade was a 47.39% decrease in their ownership of the stock. Insiders have sold 75,000 shares of company stock valued at $46,505 over the last quarter.