Uranium Royalty (TSE:URC) Trading Up 7.2% – Time to Buy?

Shares of Uranium Royalty Corp. (TSE:URC) rose 7.2% during mid-day trading on Friday . The company traded as high as C$3.53 and last traded at C$3.43. Approximately 101,121 shares were traded during trading, a decline of 37% from the average daily volume of 160,273 shares. The stock had previously closed at C$3.20.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. B. Riley raised Uranium Royalty to a “strong-buy” rating in a research report on Sunday, October 6th. Canaccord Genuity Group reduced their price objective on Uranium Royalty from C$6.75 to C$6.50 and set a “speculative buy” rating for the company in a research note on Tuesday, September 24th.

Uranium Royalty Price Performance

The stock has a market cap of C$410.67 million, a price-to-earnings ratio of 48.29 and a beta of 1.69. The company’s fifty day simple moving average is C$3.43 and its two-hundred day simple moving average is C$3.31.

About Uranium Royalty

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.