Ucore Rare Metals (OTCMKTS:UURAF) Shares Down 13.7% – Should You Sell?

Shares of Ucore Rare Metals Inc. (OTCMKTS:UURAF) fell 13.7% during mid-day trading on Thursday. The stock traded as low as $1.26 and last traded at $1.2950. Approximately 703,255 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 417,051 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Ucore Rare Metals in a report on Wednesday, September 2nd. They issued a “hold” rating on the stock. B. Riley Financial decreased their target price on shares of Ucore Rare Metals from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Ucore Rare Metals presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Ucore Rare Metals Price Performance

The company has a fifty day simple moving average of $1.71 and a two-hundred day simple moving average of $3.42. The stock has a market capitalization of $197.49 million and a P/E ratio of -25.90. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Ucore Rare Metals (OTCMKTS:UURAF) last released its quarterly earnings data on Monday, August 31st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Sell-side analysts expect that Ucore Rare Metals Inc. will post -0.12 EPS for the current fiscal year.

About Ucore Rare Metals

Ucore Rare Metals Inc is a Canadian critical-minerals company focused on the development of rare earth element resources and separation technologies. The company’s work is intended to support North American supply chains for rare earths used in electric vehicles, renewable energy systems, defense applications, electronics and other advanced technologies.

Ucore’s principal mineral project is the Bokan-Dotson Ridge project in southeast Alaska, which contains heavy rare earth elements. The company is also developing its RapidSX technology, a solvent-extraction-based process designed to separate and refine mixed rare earth elements.