Ucore Rare Metals (OTCMKTS:UURAF) Shares Down 13.7% – Time to Sell?

by · The Markets Daily

Ucore Rare Metals Inc. (OTCMKTS:UURAF – Get Free Report)’s share price dropped 13.7% during trading on Thursday. The company traded as low as $1.26 and last traded at $1.2950. Approximately 703,255 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 417,051 shares. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

UURAF has been the subject of several recent research reports. Jefferies Financial Group started coverage on Ucore Rare Metals in a research report on Wednesday, September 2nd. They set a “hold” rating for the company. B. Riley Financial reduced their price target on Ucore Rare Metals from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.00.

Check Out Our Latest Analysis on UURAF

Ucore Rare Metals Stock Performance

The company has a market capitalization of $228.75 million and a price-to-earnings ratio of -30.00. The stock’s 50 day moving average price is $1.70 and its 200 day moving average price is $3.40. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Ucore Rare Metals (OTCMKTS:UURAF – Get Free Report) last released its earnings results on Monday, August 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Analysts expect that Ucore Rare Metals Inc. will post -0.12 earnings per share for the current year.

About Ucore Rare Metals

(Get Free Report)

Ucore Rare Metals Inc is a Canadian critical-minerals company focused on the development of rare earth element resources and separation technologies. The company’s work is intended to support North American supply chains for rare earths used in electric vehicles, renewable energy systems, defense applications, electronics and other advanced technologies.

Ucore’s principal mineral project is the Bokan-Dotson Ridge project in southeast Alaska, which contains heavy rare earth elements. The company is also developing its RapidSX technology, a solvent-extraction-based process designed to separate and refine mixed rare earth elements.

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