Uranium Royalty (TSE:URC) Trading 7.2% Higher – Should You Buy?

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

Analysts Set New Price Targets

Several research firms have recently weighed in on URC. Canaccord Genuity Group cut their target price on Uranium Royalty from C$6.75 to C$6.50 and set a “speculative buy” rating on the stock in a research report on Tuesday, September 24th. B. Riley raised shares of Uranium Royalty to a “strong-buy” rating in a research report on Sunday, October 6th.

Uranium Royalty Trading Up 7.2 %

The firm’s 50-day moving average price is C$3.44 and its two-hundred day moving average price is C$3.31. The stock has a market cap of C$416.75 million, a PE ratio of 49.00 and a beta of 1.69.

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.