Investors Buy High Volume of Call Options on Uranium Royalty (NASDAQ:UROY)

Key Points

• Uranium Royalty Corp. saw an unusual spike in options trading, with investors buying 31,149 call options, a significant increase of 1,590% over the typical daily volume.
• The company's stock price rose during midday trading on Wednesday, reaching $4.57, and the firm reported quarterly earnings of $0.01 EPS, beating analyst expectations.
• Research firms have mixed ratings on UROY, with one "Buy," two "Hold," and one "Sell," resulting in an average price target of $4.50.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 31,149 call options on the stock. This is an increase of 1,590% compared to the typical daily volume of 1,843 call options.

Uranium Royalty Price Performance

Shares of Uranium Royalty stock traded up $0.30 during midday trading on Wednesday, reaching $4.57. The company had a trading volume of 3,335,235 shares, compared to its average volume of 3,079,390. The stock has a fifty day moving average price of $3.46 and a 200 day moving average price of $2.62. The firm has a market cap of $611.27 million, a PE ratio of -459.50 and a beta of 1.40. Uranium Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $4.87.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%.The firm had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million. As a group, sell-side analysts forecast that Uranium Royalty will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on UROY. Wall Street Zen raised shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Raymond James Financial reissued a "market perform" rating on shares of Uranium Royalty in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Uranium Royalty in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Uranium Royalty has an average rating of "Hold" and an average price target of $4.50.

Hedge Funds Weigh In On Uranium Royalty

Several institutional investors have recently added to or reduced their stakes in UROY. Grimes & Company Inc. acquired a new position in shares of Uranium Royalty during the first quarter worth approximately $53,000. Alps Advisors Inc. raised its position in shares of Uranium Royalty by 9.9% during the first quarter. Alps Advisors Inc. now owns 2,991,153 shares of the company's stock worth $5,264,000 after purchasing an additional 269,810 shares during the period. Private Advisor Group LLC acquired a new position in shares of Uranium Royalty during the first quarter worth approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Uranium Royalty by 64.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after purchasing an additional 12,064 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Uranium Royalty by 488.0% during the first quarter. XTX Topco Ltd now owns 134,515 shares of the company's stock worth $237,000 after purchasing an additional 111,638 shares during the period. 24.19% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

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.

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