Uranium Royalty (NASDAQ:UROY) Stock Price Down 0.7% - Time to Sell?

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. HC Wainwright restated a "buy" rating and issued a $7.70 price objective on shares of Uranium Royalty in a research report on Tuesday, September 17th. B. Riley initiated coverage on Uranium Royalty in a report on Monday, October 7th. They issued a "buy" rating and a $3.50 price target for the company.

Uranium Royalty Stock Down 5.3 %

The firm has a market capitalization of $307.24 million, a price-to-earnings ratio of 43.67 and a beta of 1.19. The business's fifty day moving average is $2.55 and its 200 day moving average is $2.44.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. Equities research analysts expect that Uranium Royalty Corp. will post 0.03 EPS for the current year.

Institutional Trading of Uranium Royalty

Institutional investors have recently made changes to their positions in the business. MMCAP International Inc. SPC increased its stake in Uranium Royalty by 2,248.3% in the 1st quarter. MMCAP International Inc. SPC now owns 2,925,969 shares of the company's stock valued at $6,993,000 after buying an additional 2,801,369 shares during the last quarter. Acuitas Investments LLC acquired a new position in Uranium Royalty during the second quarter valued at approximately $2,120,000. Fourth Sail Capital LP bought a new position in Uranium Royalty in the third quarter valued at approximately $1,428,000. Natixis increased its position in shares of Uranium Royalty by 7,771.0% during the 1st quarter. Natixis now owns 221,726 shares of the company's stock worth $532,000 after purchasing an additional 218,909 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Uranium Royalty during the 1st quarter worth approximately $478,000. Institutional investors own 24.19% of the company's stock.

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.