Ucore Rare Metals (CVE:UCU) Insider Sells C$40,650.00 in Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Michael Schrider sold 15,000 shares of Ucore Rare Metals stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$2.71, for a total value of C$40,650.00. Following the transaction, the insider directly owned 70,000 shares in the company, valued at approximately C$189,700. The trade was a 17.65% decrease in their ownership of the stock.

Michael Schrider also recently made the following trade(s):

• On Thursday, August 27th, Michael Schrider sold 30,000 shares of Ucore Rare Metals stock. The shares were sold at an average price of C$2.90, for a total transaction of C$87,000.00.
• On Monday, August 31st, Michael Schrider sold 15,000 shares of Ucore Rare Metals stock. The shares were sold at an average price of C$2.61, for a total transaction of C$39,150.00.

Ucore Rare Metals Trading Up 0.4%

CVE:UCU opened at C$2.55 on Friday. The company has a 50-day moving average of C$3.51 and a 200-day moving average of C$4.99. The firm has a market cap of C$361.60 million, a price-to-earnings ratio of -5.80 and a beta of -0.13. Ucore Rare Metals Inc. has a twelve month low of C$2.38 and a twelve month high of C$13.07.

Analysts Set New Price Targets

Separately, Raymond James Financial dropped their price target on Ucore Rare Metals from C$15.00 to C$14.75 and set an “outperform” rating on the stock in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price of C$14.75.

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.