Yellow Cake (LON:YCA) Shares Down 2% – What’s Next?

Yellow Cake plc (LON:YCA) shares dropped 2% on Wednesday . The stock traded as low as GBX 566.50 ($7.17) and last traded at GBX 570 ($7.21). Approximately 570,156 shares traded hands during trading, a decline of 48% from the average daily volume of 1,091,717 shares. The stock had previously closed at GBX 581.50 ($7.36).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 722 ($9.14) price objective on shares of Yellow Cake in a report on Monday, October 7th.

Yellow Cake Trading Down 2.0 %

The stock has a 50 day simple moving average of GBX 557.57 and a 200-day simple moving average of GBX 572.45. The firm has a market capitalization of £1.24 billion, a P/E ratio of 218.39 and a beta of 0.27.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.