Uranium Royalty (NASDAQ:UROY) Shares Down 0.7% – Time to Sell?

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

Analysts Set New Price Targets

UROY has been the subject of several recent research reports. B. Riley started coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They set a “buy” rating and a $3.50 target price for the company. HC Wainwright reissued a “buy” rating and issued a $7.70 target price on shares of Uranium Royalty in a research note on Tuesday, September 17th.

Uranium Royalty Price Performance

The business’s 50-day moving average price is $2.54 and its two-hundred day moving average price is $2.44. The company has a market capitalization of $324.30 million, a P/E 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. Research analysts expect that Uranium Royalty Corp. will post 0.03 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Large investors have recently bought and sold shares of the business. AE Wealth Management LLC bought a new stake in Uranium Royalty in the 2nd quarter valued at $36,000. Murchinson Ltd. bought a new position in shares of Uranium Royalty during the 1st quarter worth approximately $51,000. Rathbones Group PLC bought a new stake in shares of Uranium Royalty in the second quarter worth $57,000. Virtu Financial LLC bought a new stake in shares of Uranium Royalty in the first quarter worth $110,000. Finally, Bayshore Asset Management LLC bought a new position in Uranium Royalty in the third quarter valued at $147,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Company Profile

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.