Fission Uranium (TSE:FCU) Shares Cross Above Fifty Day Moving Average – Here’s Why

Shares of Fission Uranium Corp. (TSE:FCU) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.95 and traded as high as C$1.07. Fission Uranium shares last traded at C$1.07, with a volume of 3,423,455 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FCU shares. HC Wainwright set a C$1.90 price target on shares of Fission Uranium and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight Capital set a C$2.30 price target on shares of Fission Uranium and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Canaccord Genuity Group lowered their price target on shares of Fission Uranium from C$1.75 to C$1.65 and set a “speculative buy” rating for the company in a research report on Tuesday, September 24th.

Fission Uranium Price Performance

The stock’s 50-day moving average is C$0.95 and its 200 day moving average is C$1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 23.97 and a quick ratio of 20.34. The company has a market cap of C$918.85 million, a PE ratio of -107.00 and a beta of 2.69.

Fission Uranium (TSE:FCU) last posted its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. On average, equities analysts anticipate that Fission Uranium Corp. will post -0.01 earnings per share for the current fiscal year.

Fission Uranium Company Profile

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its flagship property is the 100% owned Patterson Lake South property with 17 contiguous mineral claims covering an area of 31,039 ha located in the Athabasca Basin region of Saskatchewan, Canada.