Yellow Cake (LON:YCA) Trading Up 1.5% – Should You Buy?

Yellow Cake plc (LON:YCA)’s share price rose 1.5% on Thursday . The company traded as high as GBX 507 ($6.19) and last traded at GBX 500.50 ($6.11). Approximately 696,379 shares were traded during trading, a decline of 37% from the average daily volume of 1,103,755 shares. The stock had previously closed at GBX 493.20 ($6.02).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 722 ($8.82) price target on shares of Yellow Cake in a report on Tuesday, December 10th.

Yellow Cake Stock Performance

The firm has a market capitalization of £1.09 billion, a PE ratio of 192.15 and a beta of 0.27. The firm has a fifty day moving average of GBX 525.14 and a 200 day moving average of GBX 540.57.

Yellow Cake Company Profile

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.