IsoEnergy (NYSEAMERICAN:ISOU) Trading Down 6.5% – Here’s What Happened

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) was down 6.5% on Friday . The company traded as low as $11.34 and last traded at $11.41. 22,897 shares were traded during mid-day trading, a decline of 82% from the average session volume of 127,149 shares. The stock had previously closed at $12.20.

IsoEnergy Stock Performance

The stock has a market capitalization of $736.79 million, a P/E ratio of -66.41 and a beta of 1.55. The stock’s 50-day moving average is $10.26.

Institutional Investors Weigh In On IsoEnergy

Large investors have recently added to or reduced their stakes in the company. Firetrail Investments PTY Ltd. purchased a new stake in IsoEnergy during the 2nd quarter worth $2,903,000. The Manufacturers Life Insurance Company acquired a new stake in shares of IsoEnergy during the first quarter valued at about $9,644,000. Masters Capital Management LLC purchased a new stake in shares of IsoEnergy during the first quarter worth about $7,378,000. Acasta Partners UK LLP increased its position in shares of IsoEnergy by 88.4% during the second quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock worth $1,501,000 after acquiring an additional 70,700 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in shares of IsoEnergy in the second quarter worth about $375,000.

IsoEnergy Company Profile

IsoEnergy (NYSEAMERICAN: ISOU) is a Canadian uranium exploration and development company focused on identifying and advancing high-grade uranium deposits. The company concentrates its activities in the Athabasca Basin of Saskatchewan, a globally significant uranium-producing district known for high-grade deposits. IsoEnergy’s operations center on systematic exploration, drilling, resource definition and the early-stage technical work necessary to advance discoveries toward potential development.

IsoEnergy’s work program typically includes geophysical and geochemical surveys, diamond drilling campaigns, resource modeling and metallurgical and environmental baseline studies.