IsoEnergy (NYSEAMERICAN:ISOU) Shares Gap Down – Should You Sell?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.32, but opened at $9.30. IsoEnergy shares last traded at $9.5360, with a volume of 902 shares changing hands.

IsoEnergy Trading Down 1.9%

The stock has a market capitalization of $563.68 million, a price-to-earnings ratio of -83.95 and a beta of 1.47. The firm has a fifty day moving average price of $11.04.

Institutional Investors Weigh In On IsoEnergy

A number of hedge funds have recently made changes to their positions in ISOU. Acasta Partners UK LLP grew its holdings in IsoEnergy by 88.4% in the 2nd quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock worth $1,501,000 after buying an additional 70,700 shares in the last quarter. Bank of America Corp DE grew its stake in shares of IsoEnergy by 13.5% in the first quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock worth $1,181,000 after purchasing an additional 13,363 shares in the last quarter. Royal Bank of Canada grew its stake in shares of IsoEnergy by 581.0% in the first quarter. Royal Bank of Canada now owns 4,202 shares of the company’s stock worth $44,000 after purchasing an additional 3,585 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of IsoEnergy during the first quarter valued at $9,644,000. Finally, Masters Capital Management LLC acquired a new position in shares of IsoEnergy during the first quarter valued at $7,378,000.

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.