IsoEnergy (NYSEAMERICAN:ISOU) Trading Down 6.5% – Here’s Why

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) traded down 6.5% during mid-day trading on Friday . The stock traded as low as $11.34 and last traded at $11.41. 22,897 shares traded hands during trading, a decline of 82% from the average daily volume of 127,149 shares. The stock had previously closed at $12.20.

IsoEnergy Stock Down 7.5%

The stock has a market capitalization of $736.79 million, a price-to-earnings ratio of -66.41 and a beta of 1.55. The company has a 50-day simple moving average of $10.26.

Hedge Funds Weigh In On IsoEnergy

A number of large investors have recently modified their holdings of ISOU. The Manufacturers Life Insurance Company acquired a new position in shares of IsoEnergy in the 1st quarter valued at about $9,644,000. Masters Capital Management LLC purchased a new position in IsoEnergy in the first quarter valued at approximately $7,378,000. Firetrail Investments PTY Ltd. acquired a new position in IsoEnergy during the second quarter valued at approximately $2,903,000. Acasta Partners UK LLP lifted its position in IsoEnergy by 88.4% during the second quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock valued at $1,501,000 after buying an additional 70,700 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in IsoEnergy by 13.5% during the first quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock worth $1,181,000 after buying an additional 13,363 shares during the period.

IsoEnergy Company Profile

IsoEnergy (NYSEAMERICAN: ISOU) is a Canadian uranium exploration and development company focused on identifying and advancing high-grade uranium deposits. The company concentrates its activities in the Athabasca Basin of Saskatchewan, a globally significant uranium-producing district known for high-grade deposits. IsoEnergy’s operations center on systematic exploration, drilling, resource definition and the early-stage technical work necessary to advance discoveries toward potential development.

IsoEnergy’s work program typically includes geophysical and geochemical surveys, diamond drilling campaigns, resource modeling and metallurgical and environmental baseline studies.