Yellow Cake (LON:YCA) Shares Down 2.3% – Here’s What Happened

Shares of Yellow Cake plc (LON:YCA) traded down 2.3% during mid-day trading on Tuesday . The company traded as low as GBX 563 ($7.30) and last traded at GBX 563 ($7.30). 871,029 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,096,523 shares. The stock had previously closed at GBX 576.50 ($7.48).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 722 ($9.36) price target on shares of Yellow Cake in a research note on Monday, October 7th.

Yellow Cake Trading Down 2.5 %

The firm has a market cap of £1.18 billion, a PE ratio of 210.11 and a beta of 0.27. The stock has a 50 day simple moving average of GBX 552.19 and a 200-day simple moving average of GBX 581.91.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.