Fission Uranium (TSE:FCU) Hits New 52-Week Low – Here’s Why

Fission Uranium Corp. (TSE:FCU)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.71 and last traded at C$0.72, with a volume of 1035076 shares changing hands. The stock had previously closed at C$0.92.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of Fission Uranium from C$1.75 to C$1.65 and set a “speculative buy” rating on the stock in a research report on Tuesday, September 24th.

Fission Uranium Stock Down 21.7 %

The stock has a market capitalization of C$618.29 million, a P/E ratio of -72.00 and a beta of 2.69. The firm’s fifty day moving average is C$0.98 and its 200-day moving average is C$1.06. The company has a current ratio of 23.97, a quick ratio of 20.34 and a debt-to-equity ratio of 0.05.

Fission Uranium (TSE:FCU) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter. As a group, equities research analysts predict that Fission Uranium Corp. will post -0.01 earnings per share for the current year.

About Fission Uranium

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its flagship property is the 100% owned Patterson Lake South property with 17 contiguous mineral claims covering an area of 31,039 ha located in the Athabasca Basin region of Saskatchewan, Canada.