Yellow Cake (LON:YCA) Shares Up 4.9%

Yellow Cake plc (LON:YCA)’s stock price was up 4.9% during trading on Friday . The company traded as high as GBX 671.50 ($8.50) and last traded at GBX 670 ($8.48). Approximately 1,450,437 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 1,131,724 shares. The stock had previously closed at GBX 638.50 ($8.08).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 883 ($11.18) price objective on shares of Yellow Cake in a research note on Thursday, February 29th.

Yellow Cake Stock Performance

The stock’s 50 day moving average price is GBX 639.43 and its 200 day moving average price is GBX 611.85. The company has a market capitalization of £1.45 billion, a P/E ratio of 331.68 and a beta of 0.29.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.