Ucore Rare Metals (CVE:UCU) Stock Price Down 1.8% – Should You Sell?

Ucore Rare Metals Inc. (CVE:UCU) shares were down 1.8% on Thursday . The company traded as low as C$5.51 and last traded at C$5.61. Approximately 388,589 shares were traded during trading, a decline of 6% from the average daily volume of 412,452 shares. The stock had previously closed at C$5.71.

Analyst Upgrades and Downgrades

Separately, Lucid Cap Mkts raised shares of Ucore Rare Metals to a “strong-buy” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Ucore Rare Metals presently has a consensus rating of “Strong Buy” and a consensus target price of C$15.50.

Ucore Rare Metals Stock Performance

The company has a 50 day moving average of C$5.87. The stock has a market cap of C$652.75 million, a PE ratio of -12.20 and a beta of 0.03.

Insider Activity

In other news, insider Randy T. Johnson sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 9,871,736 shares in the company, valued at approximately C$80,948,235.20. This represents a 0.20% decrease in their ownership of the stock.

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.