Yellow Cake (LON:YCA) Trading 3.6% Higher - Here's Why

Yellow Cake plc (LON:YCA - Get Free Report)'s share price was up 3.6% during mid-day trading on Thursday . The company traded as high as GBX 512 ($6.88) and last traded at GBX 510 ($6.85). Approximately 1,185,666 shares changed hands during trading, a decline of 15% from the average daily volume of 1,388,872 shares. The stock had previously closed at GBX 492.20 ($6.61).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on YCA shares. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 620 ($8.33) price objective on shares of Yellow Cake in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 682 ($9.16) price objective on shares of Yellow Cake in a research note on Thursday.

Yellow Cake Stock Performance

The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 1.85 and a beta of 0.27. The firm has a fifty day moving average price of GBX 499.66 and a 200-day moving average price of GBX 469.41.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.