Yellow Cake (LON:YCA) Shares Down 1.6% – Time to Sell?

Yellow Cake plc (LON:YCA) shares were down 1.6% on Wednesday . The company traded as low as GBX 561.50 and last traded at GBX 561.50. 1,009,122 shares were traded during mid-day trading, a decline of 80% from the average session volume of 5,010,578 shares. The stock had previously closed at GBX 570.50.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 737 target price on shares of Yellow Cake in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Yellow Cake currently has an average rating of “Buy” and a consensus target price of GBX 701.75.

Yellow Cake Stock Down 1.6%

The stock has a market capitalization of £1.41 billion, a price-to-earnings ratio of 3.09 and a beta of 0.30. The company’s 50-day moving average is GBX 561.14 and its 200-day moving average is GBX 570.11.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.