IsoEnergy (NYSEAMERICAN:ISOU) Posts Earnings Results, Misses Estimates By $0.05 EPS

IsoEnergy (NYSEAMERICAN:ISOU) posted its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05), Zacks reports.

IsoEnergy Stock Up 2.8%

ISOU stock traded up $0.22 during mid-day trading on Friday, reaching $8.11. 44,070 shares of the stock traded hands, compared to its average volume of 132,057. IsoEnergy has a 52 week low of $7.19 and a 52 week high of $13.58. The business has a 50-day moving average of $9.54 and a two-hundred day moving average of $10.45. The firm has a market capitalization of $529.36 million, a PE ratio of -90.10 and a beta of 1.87.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada started coverage on shares of IsoEnergy in a research report on Thursday, October 1st. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, IsoEnergy currently has an average rating of “Strong Buy”.

About IsoEnergy

IsoEnergy Ltd. is a uranium exploration and development company focused primarily on identifying and advancing uranium resources in Canada’s Athabasca Basin, one of the world’s leading uranium-producing regions. The company’s activities include mineral exploration, geological evaluation, resource definition and the development of potential uranium mining projects.

IsoEnergy’s flagship asset is the Hurricane uranium deposit at its Larocque East property in northern Saskatchewan. The company has described Hurricane as a high-grade uranium discovery and continues to evaluate its development potential through exploration, technical studies and related project work.