CanAlaska Uranium (OTCMKTS:CVVUF) Trading Down 4% – Here’s Why

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) fell 4% on Wednesday . The stock traded as low as $0.4749 and last traded at $0.4781. 305,886 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 103,587 shares. The stock had previously closed at $0.4981.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a $1.35 price target on CanAlaska Uranium in a research note on Monday, January 19th.

CanAlaska Uranium Trading Down 0.2%

The stock’s 50 day moving average price is $0.55 and its 200 day moving average price is $0.54.

CanAlaska Uranium Company Profile

CanAlaska Uranium Ltd. (OTCMKTS: CVVUF) is a Canada‐based mineral exploration company focused primarily on the discovery and development of uranium projects in Western Canada. Established in 1988 and headquartered in Vancouver, British Columbia, CanAlaska maintains a diversified portfolio of exploration properties, with an emphasis on the prolific Athabasca Basin region of northern Saskatchewan. The company is engaged in all stages of exploration, from initial target generation and airborne geophysics to deep‐drill testing and resource estimation.

CanAlaska’s business model centers on securing high‐potential tenure while partnering with larger industry players to advance drilling programs.