Yellow Cake (LON:YCA) Reaches New 12-Month Low – Here’s Why

Yellow Cake plc (LON:YCA) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 437.47 ($5.51) and last traded at GBX 444.55 ($5.60), with a volume of 945812 shares changing hands. The stock had previously closed at GBX 446.80 ($5.63).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 712 ($8.97) price target on shares of Yellow Cake in a research note on Tuesday, January 28th.

Yellow Cake Stock Up 2.4 %

The stock has a 50 day simple moving average of GBX 490.36 and a two-hundred day simple moving average of GBX 524.92. The stock has a market capitalization of £1.00 billion, a P/E ratio of 1.74 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.