CanAlaska Uranium (CVE:CVV) Shares Up 6.1% – What’s Next?

CanAlaska Uranium Ltd. (CVE:CVV)’s share price rose 6.1% during mid-day trading on Wednesday . The company traded as high as C$0.70 and last traded at C$0.70. Approximately 298,865 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 684,278 shares. The stock had previously closed at C$0.66.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$1.35 price objective on shares of CanAlaska Uranium and gave the stock a “moderate buy” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, CanAlaska Uranium has an average rating of “Buy” and an average target price of C$1.35.

CanAlaska Uranium Price Performance

The firm has a market capitalization of C$149.68 million, a price-to-earnings ratio of -7.56 and a beta of -0.23. The stock has a 50 day moving average price of C$0.82 and a two-hundred day moving average price of C$0.80.