Uranium Royalty (TSE:URC) Trading Down 5% – What’s Next?

Uranium Royalty Corp. (TSE:URC) shares dropped 5% on Friday . The company traded as low as C$3.43 and last traded at C$3.43. Approximately 850,376 shares changed hands during mid-day trading, an increase of 299% from the average daily volume of 213,077 shares. The stock had previously closed at C$3.61.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded Uranium Royalty to a “strong-buy” rating in a research report on Sunday, October 6th.

Uranium Royalty Stock Performance

The business has a 50 day simple moving average of C$3.35 and a 200-day simple moving average of C$3.34. The firm has a market capitalization of C$416.75 million, a price-to-earnings ratio of 49.00 and a beta of 1.69.

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.