IsoEnergy (NYSEAMERICAN:ISOU) Sees Unusually-High Trading Volume – Time to Buy?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) saw unusually-high trading volume on Monday . 117,628 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 126,195 shares.The stock last traded at $10.0150 and had previously closed at $10.64.

IsoEnergy Trading Up 2.3%

The company has a fifty day moving average price of $10.46 and a two-hundred day moving average price of $10.83. The firm has a market capitalization of $676.75 million, a price-to-earnings ratio of -61.00 and a beta of 1.63.

Hedge Funds Weigh In On IsoEnergy

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new stake in IsoEnergy in the 1st quarter valued at $9,644,000. Masters Capital Management LLC acquired a new stake in shares of IsoEnergy in the 1st quarter worth $7,378,000. Firetrail Investments PTY Ltd. purchased a new position in shares of IsoEnergy during the 2nd quarter worth $2,903,000. Acasta Partners UK LLP raised its holdings in shares of IsoEnergy by 88.4% during the 2nd quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock worth $1,501,000 after acquiring an additional 70,700 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of IsoEnergy by 13.5% during the 1st quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock valued at $1,181,000 after acquiring an additional 13,363 shares during the last quarter.

About IsoEnergy

IsoEnergy Ltd. is a mineral exploration and development company focused on uranium. The company’s primary activities include acquiring, exploring and advancing uranium properties, with an emphasis on projects that may support future mine development. IsoEnergy is based in Canada and is listed on the NYSE American under the symbol ISOU.

The company’s flagship asset is the Hurricane uranium project in the eastern Athabasca Basin of Saskatchewan, Canada. IsoEnergy also holds and evaluates additional exploration properties in the Athabasca Basin, one of the world’s most significant uranium-producing regions.