IsoEnergy (NYSEAMERICAN:ISOU) Shares Down 6.1% – Time to Sell?

IsoEnergy Ltd. (NYSEAMERICAN:ISOUGet Free Report) fell 6.1% on Friday . The company traded as low as $9.81 and last traded at $9.79. Approximately 144,374 shares changed hands during trading, an increase of 11% from the average session volume of 129,547 shares. The stock had previously closed at $10.43.

IsoEnergy Stock Performance

The company’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.81. The stock has a market cap of $633.61 million, a price-to-earnings ratio of -57.27 and a beta of 1.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of IsoEnergy in the 1st quarter worth $9,644,000. Masters Capital Management LLC acquired a new position in IsoEnergy in the 1st quarter valued at approximately $7,378,000. Firetrail Investments PTY Ltd. purchased a new stake in shares of IsoEnergy during the second quarter worth $2,903,000. Acasta Partners UK LLP increased its position 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 purchasing an additional 70,700 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of IsoEnergy during the 2nd quarter worth about $375,000.

IsoEnergy Company Profile

(Get Free Report)

IsoEnergy Ltd. is a mineral exploration and development company focused on uranium. The company’s primary activities include acquiring, exploring and advancing uranium properties, with an emphasis on projects that may support future mine development. IsoEnergy is based in Canada and is listed on the NYSE American under the symbol ISOU.

The company’s flagship asset is the Hurricane uranium project in the eastern Athabasca Basin of Saskatchewan, Canada. IsoEnergy also holds and evaluates additional exploration properties in the Athabasca Basin, one of the world’s most significant uranium-producing regions.

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