Uranium Royalty (TSE:URC) Shares Down 2.7% - Here's Why

Uranium Royalty Corp. (TSE:URC - Get Free Report) shares dropped 2.7% on Friday . The stock traded as low as C$2.53 and last traded at C$2.55. Approximately 128,675 shares were traded during trading, a decline of 34% from the average daily volume of 196,383 shares. The stock had previously closed at C$2.62.

Analyst Upgrades and Downgrades

URC has been the topic of a number of recent analyst reports. National Bank Financial raised shares of Uranium Royalty to a "hold" rating in a report on Tuesday, February 11th. National Bankshares set a C$4.25 target price on Uranium Royalty and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Finally, Raymond James set a C$4.50 price target on Uranium Royalty and gave the company an "outperform" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$5.08.

Uranium Royalty Stock Performance

The stock's 50-day simple moving average is C$2.55 and its 200-day simple moving average is C$3.18. The firm has a market capitalization of C$340.80 million, a PE ratio of 47.83 and a beta of 1.69.

About Uranium Royalty

Uranium Royalty Corp is focused on gaining exposure to uranium prices by making investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, and through holdings of physical uranium. The company operates in a single segment, the investment in a portfolio of uranium interests.