Ucore Rare Metals Inc. (CVE:UCU - Get Free Report)'s stock price rose 0.9% during mid-day trading on Wednesday . The company traded as high as C$5.85 and last traded at C$5.72. Approximately 381,767 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 424,283 shares. The stock had previously closed at C$5.67.
Analyst Upgrades and Downgrades
Separately, Lucid Cap Mkts upgraded Ucore Rare Metals to a "strong-buy" rating in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Ucore Rare Metals currently has an average rating of "Strong Buy" and a consensus target price of C$15.50.
Get Our Latest Stock Report on UCU
Ucore Rare Metals Stock Up 4.9%
The company's fifty day moving average price is C$6.32. The firm has a market capitalization of C$698.13 million, a price-to-earnings ratio of -13.04 and a beta of 0.09.
Insider Buying and Selling at Ucore Rare Metals
In other Ucore Rare Metals news, insider Randy T. Johnson sold 75,000 shares of the business's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$9.61, for a total value of C$720,750.00. Following the completion of the transaction, the insider directly owned 9,951,736 shares of the company's stock, valued at approximately C$95,636,182.96. The trade was a 0.75% decrease in their ownership of the stock. Insiders have sold 155,000 shares of company stock valued at $1,441,550 over the last ninety days.
Ucore Rare Metals Inc CVE: UCU is a Canadian company focused on the development and commercialization of rare earth element (REE) resources and related processing technologies. The company concentrates on advancing projects and metallurgical processes intended to produce both light and heavy rare earth oxides, which are critical inputs for high‑technology, defense, and clean‑energy applications. Ucore's activities span exploration-stage project development as well as downstream processing and separation work aimed at creating a more secure North American supply chain for critical minerals.
A central element of Ucore's offering is proprietary separation and processing technology designed to improve the efficiency and economics of REE extraction and purification.
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