Uranium Royalty Sees Unusually Large Options Volume (NASDAQ:UROY)

Uranium Royalty Corp. (NASDAQ:UROY) was the recipient of some unusual options trading activity on Friday. Stock traders bought 4,873 call options on the stock. This represents an increase of 195% compared to the average daily volume of 1,654 call options.

Institutional Trading of Uranium Royalty

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Uranium Royalty by 7.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock valued at $30,406,000 after purchasing an additional 469,267 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after purchasing an additional 3,968,521 shares during the period. Alps Advisors Inc. boosted its position in shares of Uranium Royalty by 23.7% in the 4th quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock worth $13,780,000 after purchasing an additional 745,145 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Uranium Royalty by 4.7% during the third quarter. Vident Advisory LLC now owns 1,549,782 shares of the company’s stock worth $6,674,000 after purchasing an additional 69,631 shares during the period. Finally, Simcoe Capital LLC bought a new stake in Uranium Royalty in the fourth quarter valued at about $4,001,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Price Performance

Shares of Uranium Royalty stock traded up $0.17 during midday trading on Friday, hitting $4.32. 873,332 shares of the company were exchanged, compared to its average volume of 2,805,943. The firm has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $3.56. Uranium Royalty has a 52 week low of $2.56 and a 52 week high of $5.52. The firm has a market cap of $1.65 billion, a P/E ratio of 216.11 and a beta of 1.38.

Analyst Upgrades and Downgrades

UROY has been the topic of several research reports. HC Wainwright restated a “buy” rating and set a $4.50 price objective on shares of Uranium Royalty in a report on Thursday, July 16th. Weiss Ratings downgraded Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Zacks Research upgraded Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, National Bank Financial started coverage on Uranium Royalty in a report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Uranium Royalty has a consensus rating of “Buy” and a consensus price target of $4.12.

About Uranium Royalty

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.