Yellow Cake (LON:YCA) Trading Down 1.4% – Here’s What Happened

Yellow Cake plc (LON:YCA) shares fell 1.4% on Wednesday . The company traded as low as GBX 538.50 and last traded at GBX 546.50. Approximately 46,867,918 shares were traded during mid-day trading, an increase of 673% from the average session volume of 6,065,985 shares. The stock had previously closed at GBX 554.

Analyst Ratings Changes

YCA has been the topic of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 740 price objective on shares of Yellow Cake in a research report on Monday, April 27th. Berenberg Bank decreased their price target on Yellow Cake from GBX 738 to GBX 737 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Yellow Cake currently has an average rating of “Buy” and a consensus target price of GBX 701.75.

Yellow Cake Stock Down 1.4%

The company has a market capitalization of £1.38 billion, a P/E ratio of -136.62 and a beta of 0.30. The business has a 50 day moving average of GBX 544.40 and a 200 day moving average of GBX 590.52.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.