Yellow Cake (LON:YCA) Shares Up 1.5% – Time to Buy?

Yellow Cake plc (LON:YCA)’s share price was up 1.5% on Thursday . The stock traded as high as GBX 507 ($6.24) and last traded at GBX 500.50 ($6.16). Approximately 696,379 shares were traded during trading, a decline of 37% from the average daily volume of 1,103,755 shares. The stock had previously closed at GBX 493.20 ($6.07).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 722 ($8.88) target price on shares of Yellow Cake in a research note on Tuesday, December 10th.

Yellow Cake Stock Up 1.5 %

The firm has a market capitalization of £1.09 billion, a P/E ratio of 191.76 and a beta of 0.27. The business’s 50-day simple moving average is GBX 527.12 and its 200 day simple moving average is GBX 541.13.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.