Yellow Cake (LON:YCA) Trading Up 1.5% – Time to Buy?

Yellow Cake plc (LON:YCA) rose 1.5% during trading on Thursday . The stock traded as high as GBX 507 ($6.19) and last traded at GBX 500.50 ($6.11). Approximately 696,379 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 1,103,755 shares. The stock had previously closed at GBX 493.20 ($6.02).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 722 ($8.82) target price on shares of Yellow Cake in a research note on Tuesday, December 10th.

Yellow Cake Stock Performance

The company has a market cap of £1.09 billion, a PE ratio of 192.15 and a beta of 0.27. The firm’s 50 day moving average is GBX 525.14 and its 200-day moving average is GBX 540.57.

About Yellow Cake

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.