Fission Uranium (TSE:FCU) Stock Price Up 6.9% - Time to Buy?

Fission Uranium Corp. (TSE:FCU - Get Free Report) shares shot up 6.9% on Thursday . The stock traded as high as C$0.78 and last traded at C$0.77. 757,882 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 2,705,709 shares. The stock had previously closed at C$0.72.

Analysts Set New Price Targets

FCU has been the topic of a number of recent research reports. Canaccord Genuity Group lowered Fission Uranium from a "speculative buy" rating to a "hold" rating and lowered their target price for the stock from C$1.65 to C$0.76 in a research note on Thursday. Canaccord Genuity Group lowered their price objective on Fission Uranium from C$1.75 to C$1.65 and set a "speculative buy" rating on the stock in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$1.65.

Fission Uranium Trading Up 5.6 %

The business's 50 day simple moving average is C$0.93 and its two-hundred day simple moving average is C$1.01. The stock has a market cap of C$652.64 million, a P/E ratio of -76.00 and a beta of 2.69. The company has a quick ratio of 20.34, a current ratio of 23.97 and a debt-to-equity ratio of 0.05.

Fission Uranium Company Profile

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its flagship property is the 100% owned Patterson Lake South property with 17 contiguous mineral claims covering an area of 31,039 ha located in the Athabasca Basin region of Saskatchewan, Canada.