Yellow Cake (LON:YCA) Stock Price Up 1.5% – What’s Next?

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

Analysts Set New Price Targets

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

Yellow Cake Price Performance

The firm has a fifty day moving average of GBX 527.12 and a 200 day moving average of GBX 541.13. The stock has a market cap of £1.09 billion, a price-to-earnings ratio of 191.76 and a beta of 0.27.

About Yellow Cake

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.