Ucore Rare Metals (CVE:UCU) Insider Sells C$556,800.00 in Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Randy Johnson sold 60,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$9.28, for a total transaction of C$556,800.00. Following the sale, the insider directly owned 9,891,736 shares of the company’s stock, valued at approximately C$91,795,310.08. This trade represents a 0.60% decrease in their ownership of the stock.

Ucore Rare Metals Stock Performance

Shares of UCU traded down C$1.37 during midday trading on Friday, reaching C$8.42. 577,260 shares of the company were exchanged, compared to its average volume of 727,026. The company’s 50-day moving average is C$7.01. The stock has a market capitalization of C$904.38 million, a P/E ratio of -19.14 and a beta of 0.52. Ucore Rare Metals Inc. has a 1-year low of C$0.65 and a 1-year high of C$13.07.

Wall Street Analysts Forecast Growth

UCU has been the topic of several analyst reports. B. Riley raised shares of Ucore Rare Metals to a “strong-buy” rating in a research note on Thursday, November 20th. Raymond James Financial increased their price target on Ucore Rare Metals from C$14.50 to C$15.50 in a report on Tuesday, November 4th. Finally, Lucid Cap Mkts upgraded Ucore Rare Metals to a “strong-buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus 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.