Uranium Participation Corp (TSE:U)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.42 and traded as high as $4.33. Uranium Participation shares last traded at $4.29, with a volume of 134,770 shares changing hands.
Separately, TD Securities downgraded shares of Uranium Participation from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$6.00 to C$5.00 in a research report on Monday, July 22nd.
The business’s 50 day moving average price is C$4.28 and its two-hundred day moving average price is C$4.42. The company has a market capitalization of $578.48 million and a price-to-earnings ratio of 9.04.
About Uranium Participation (TSE:U)
Uranium Participation Corporation operates as an investment holding company. The company invests its assets substantially in uranium oxide in concentrates (U3O8). U3O8 is primarily used as a fuel for nuclear power plants. Denison Mines, Inc operates as the manager of the company. Uranium Participation was founded in 2005 and is headquartered in Toronto, Canada.
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