Ucore Rare Metals (CVE:UCU) Rating Increased to Strong-Buy at Lucid Cap Mkts

Lucid Cap Mkts upgraded shares of Ucore Rare Metals (CVE:UCU) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on UCU. Raymond James Financial raised their target price on Ucore Rare Metals from C$14.50 to C$15.50 in a research note on Tuesday, November 4th. B. Riley raised shares of Ucore Rare Metals to a “strong-buy” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Ucore Rare Metals has an average rating of “Strong Buy” and a consensus target price of C$15.50.

Ucore Rare Metals Trading Down 11.2%

UCU stock traded down C$1.11 during midday trading on Tuesday, reaching C$8.77. The stock had a trading volume of 342,975 shares, compared to its average volume of 667,179. Ucore Rare Metals has a 52-week low of C$0.65 and a 52-week high of C$13.07. The firm has a fifty day moving average price of C$6.92. The stock has a market cap of C$941.98 million, a P/E ratio of -19.93 and a beta of 0.52.

Insiders Place Their Bets

In other Ucore Rare Metals news, insider Randy T. Johnson sold 10,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of C$6.35, for a total value of C$63,500.00. Following the completion of the transaction, the insider owned 10,556,736 shares in the company, valued at approximately C$67,035,273.60. This represents a 0.09% decrease in their ownership of the stock. Also, insider Llc Orca Holdings sold 10,000 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of C$6.35, for a total transaction of C$63,500.00. Following the completion of the transaction, the insider owned 10,556,736 shares of the company’s stock, valued at C$67,035,273.60. This represents a 0.09% decrease in their position. Insiders have sold 30,000 shares of company stock worth $205,000 in 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.