Yellow Cake (OTCMKTS:YLLXF) Trading Up 4.2% – Here’s What Happened

Yellow Cake plc (OTCMKTS:YLLXF)’s share price rose 4.2% during trading on Monday . The stock traded as high as $9.1690 and last traded at $9.1690. Approximately 1,265 shares traded hands during trading, a decline of 80% from the average daily volume of 6,243 shares. The stock had previously closed at $8.7970.

Analysts Set New Price Targets

A number of brokerages have issued reports on YLLXF. Panmure Gordon raised Yellow Cake to a “buy” rating in a report on Tuesday, December 2nd. Citigroup reiterated a “buy” rating on shares of Yellow Cake in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Yellow Cake Stock Performance

The company has a 50-day moving average of $8.26 and a 200 day moving average of $7.53.

Yellow Cake Company Profile

Yellow Cake (OTCMKTS:YLLXF) is a UK-listed investment company that provides investors with direct exposure to the uranium market by acquiring and holding physical uranium oxide (U₃O₈). The company’s principal activity is to purchase uranium in the open market and store it for the benefit of shareholders, offering a cost-efficient alternative to direct commodity ownership. Through its structure, Yellow Cake seeks to reflect the price performance of uranium without engaging in traditional mining operations, exploration activities or the production of nuclear fuel.

Under a long-term framework agreement with Kazatomprom, the world’s largest producer of uranium, Yellow Cake has sourced material at favourable pricing terms.