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CanAlaska Uranium (CVE:CVV) Shares Up 1.2% - Should You Buy?

CanAlaska Uranium logo with background

CanAlaska Uranium Ltd. (CVE:CVV - Get Free Report)'s stock price traded up 1.2% on Tuesday . The company traded as high as C$0.88 and last traded at C$0.87. 366,462 shares changed hands during trading, a decline of 22% from the average session 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 research note on Thursday, April 3rd.

Read Our Latest Analysis on CanAlaska Uranium

CanAlaska Uranium Stock Performance

The firm has a market cap of C$162.10 million and a PE ratio of -18.77. The stock has a 50 day simple moving average of C$0.80.

Insider Buying and Selling

In other news, Senior Officer Nathan Jeffrey Bridge sold 125,000 shares of the firm's stock in a transaction on 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, Director Cory Lane Belyk sold 50,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$0.75, for a total transaction of C$37,500.00. Insiders sold a total of 543,500 shares of company stock worth $436,740 in the last 90 days.

See Also

Should You Invest $1,000 in CanAlaska Uranium Right Now?

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