Ucore Rare Metals (CVE:UCU) Insider Sells C$164,000.00 in Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Randy Johnson sold 20,000 shares of Ucore Rare Metals stock in a transaction on Monday, February 9th. The shares were sold at an average price of C$8.20, for a total value of C$164,000.00. Following the completion of the sale, the insider owned 9,871,736 shares in the company, valued at C$80,948,235.20. This represents a 0.20% decrease in their position.

Ucore Rare Metals Trading Down 0.3%

CVE UCU opened at C$7.03 on Friday. The business’s fifty day simple moving average is C$7.31. The stock has a market cap of C$755.09 million, a PE ratio of -15.98 and a beta of 0.31. Ucore Rare Metals Inc. has a twelve month low of C$0.65 and a twelve month high of C$13.07.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UCU. Raymond James Financial lifted their price target on shares of Ucore Rare Metals from C$14.50 to C$15.50 in a research report on Tuesday, November 4th. B. Riley Financial upgraded shares of Ucore Rare Metals to a “strong-buy” rating in a report on Thursday, November 20th. Finally, Lucid Cap Mkts raised Ucore Rare Metals to a “strong-buy” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy” and an average price target of C$15.50.

Ucore Rare Metals Inc (CVE: UCU) is a Canadian company focused on the development and commercialization of rare earth element (REE) resources and related processing technologies. The company concentrates on advancing projects and metallurgical processes intended to produce both light and heavy rare earth oxides, which are critical inputs for high?technology, defense, and clean?energy applications. Ucore’s activities span exploration-stage project development as well as downstream processing and separation work aimed at creating a more secure North American supply chain for critical minerals.

A central element of Ucore’s offering is proprietary separation and processing technology designed to improve the efficiency and economics of REE extraction and purification.