CanAlaska Uranium (CVE:CVV) Shares Up 1.2% - Time to Buy?

Shares of CanAlaska Uranium Ltd. (CVE:CVV - Get Free Report) rose 1.2% during mid-day trading on Tuesday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 366,462 shares traded hands during trading, a decline of 22% from the average daily volume of 468,051 shares. The stock had previously closed at C$0.86.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded shares of CanAlaska Uranium to a "moderate buy" rating in a report on Thursday, April 3rd.

CanAlaska Uranium Price Performance

The firm has a 50-day moving average price of C$0.79. The stock has a market capitalization of C$154.98 million and a P/E ratio of -17.95.

Insider Activity

In other CanAlaska Uranium news, Senior Officer Nathan Jeffrey Bridge sold 125,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of C$0.75, for a total value of C$93,750.00. Also, Senior Officer Peter George Dasler sold 50,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of C$0.76, for a total value of C$38,000.00. Insiders have sold 543,500 shares of company stock worth $436,740 over the last ninety days.

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