IsoEnergy (NYSEAMERICAN:ISOU) Stock Price Up 7.3% – Should You Buy?

Shares of IsoEnergy Ltd. (NYSEAMERICAN:ISOU) rose 7.3% on Tuesday. The company traded as high as $8.99 and last traded at $8.9620. Approximately 3,090 shares traded hands during trading, a decline of 98% from the average daily volume of 132,806 shares. The stock had previously closed at $8.35.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada started coverage on shares of IsoEnergy in a research report on Thursday, October 1st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

IsoEnergy Trading Up 1.0%

The stock has a market capitalization of $593.40 million, a P/E ratio of -53.47 and a beta of 1.87. The business has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $10.53.

Institutional Trading of IsoEnergy

Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in IsoEnergy during the first quarter worth $9,644,000. Masters Capital Management LLC acquired a new stake in shares of IsoEnergy in the 1st quarter valued at $7,378,000. Firetrail Investments PTY Ltd. acquired a new stake in shares of IsoEnergy in the 2nd quarter valued at $2,903,000. Acasta Partners UK LLP bought a new position in shares of IsoEnergy in the 3rd quarter valued at $1,341,000. Finally, Ausbil Investment Management Ltd bought a new position in shares of IsoEnergy in the 2nd quarter valued at $375,000.

IsoEnergy Company Profile

IsoEnergy Ltd. is a uranium exploration and development company focused primarily on identifying and advancing uranium resources in Canada’s Athabasca Basin, one of the world’s leading uranium-producing regions. The company’s activities include mineral exploration, geological evaluation, resource definition and the development of potential uranium mining projects.

IsoEnergy’s flagship asset is the Hurricane uranium deposit at its Larocque East property in northern Saskatchewan. The company has described Hurricane as a high-grade uranium discovery and continues to evaluate its development potential through exploration, technical studies and related project work.