Yellow Cake (LON:YCA) Shares Up 1.5% – Here’s What Happened

Yellow Cake plc (LON:YCA) shot up 1.5% during mid-day trading 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).

Analyst Upgrades and Downgrades

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

Yellow Cake Trading Up 1.5 %

The business has a fifty day moving average price of GBX 527.12 and a two-hundred day moving average price of GBX 541.13. The firm has a market capitalization of £1.09 billion, a PE 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.