Uranium Royalty (NASDAQ:UROY) Shares Down 0.7% – Here’s What Happened

Uranium Royalty Corp. (NASDAQ:UROY)’s share price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $2.59 and last traded at $2.66. 2,246,775 shares were traded during trading, an increase of 46% from the average session volume of 1,533,836 shares. The stock had previously closed at $2.68.

Wall Street Analysts Forecast Growth

UROY has been the topic of several recent analyst reports. B. Riley assumed coverage on shares of Uranium Royalty in a research note on Monday, October 7th. They issued a “buy” rating and a $3.50 target price on the stock. HC Wainwright reaffirmed a “buy” rating and set a $7.70 price objective on shares of Uranium Royalty in a research note on Tuesday, September 17th.

Uranium Royalty Price Performance

The business has a 50 day simple moving average of $2.54 and a 200 day simple moving average of $2.44. The company has a market cap of $324.30 million, a price-to-earnings ratio of 44.33 and a beta of 1.19.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) EPS for the quarter. As a group, sell-side analysts anticipate that Uranium Royalty Corp. will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC bought a new position in Uranium Royalty in the 2nd quarter valued at $36,000. Murchinson Ltd. bought a new position in Uranium Royalty in the first quarter valued at about $51,000. Rathbones Group PLC acquired a new stake in Uranium Royalty in the second quarter worth about $57,000. Virtu Financial LLC bought a new stake in Uranium Royalty during the 1st quarter worth about $110,000. Finally, Bayshore Asset Management LLC acquired a new position in Uranium Royalty during the 3rd quarter valued at about $147,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.