Uranium Royalty (NASDAQ:UROY) Stock Price Up 10.3% – Here’s Why

Shares of Uranium Royalty Corp. (NASDAQ:UROY) were up 10.3% during trading on Friday . The stock traded as high as $3.88 and last traded at $3.9050. Approximately 1,307,432 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 1,573,140 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UROY. Weiss Ratings reissued a “sell (d+)” rating on shares of Uranium Royalty in a report on Wednesday, October 8th. Wall Street Zen raised shares of Uranium Royalty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Raymond James Financial reissued a “market perform” rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. Finally, Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Uranium Royalty currently has a consensus rating of “Hold” and an average target price of $4.50.

Uranium Royalty Trading Up 9.2%

The stock’s fifty day moving average price is $3.81 and its 200-day moving average price is $3.38.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Uranium Royalty had a negative return on equity of 1.26% and a net margin of 1.95%.The business had revenue of $0.03 million for the quarter. Research analysts forecast that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Large investors have recently made changes to their positions in the company. Acuitas Investments LLC increased its position in shares of Uranium Royalty by 120.9% in the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after purchasing an additional 1,224,465 shares during the last quarter. Vident Advisory LLC raised its stake in Uranium Royalty by 47.1% in the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after buying an additional 474,030 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Uranium Royalty by 7.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after buying an additional 469,267 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Uranium Royalty during the 3rd quarter worth about $816,000. Finally, Virtu Financial LLC boosted its position in shares of Uranium Royalty by 934.5% during the 3rd quarter. Virtu Financial LLC now owns 141,316 shares of the company’s stock worth $608,000 after acquiring an additional 127,656 shares in the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

About Uranium Royalty

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.