Fission Uranium (TSE:FCU) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group cut shares of Fission Uranium (TSE:FCU) from a speculative buy rating to a hold rating in a report published on Thursday,BayStreet.CA reports. The brokerage currently has C$0.76 price objective on the stock, down from their previous price objective of C$1.65.

Separately, Canaccord Genuity Group decreased their price objective on shares of Fission Uranium from C$1.75 to C$1.65 and set a “speculative buy” rating for the company in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fission Uranium presently has a consensus rating of “Buy” and a consensus target price of C$1.65.

Fission Uranium Price Performance

FCU opened at C$0.76 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 20.34 and a current ratio of 23.97. The stock has a market capitalization of C$652.64 million, a PE ratio of -76.00 and a beta of 2.69. The stock’s 50 day moving average price is C$0.92 and its 200-day moving average price is C$1.01. Fission Uranium has a 52-week low of C$0.70 and a 52-week high of C$1.38.

Fission Uranium Company Profile

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its flagship property is the 100% owned Patterson Lake South property with 17 contiguous mineral claims covering an area of 31,039 ha located in the Athabasca Basin region of Saskatchewan, Canada.