Fission Uranium (TSE:FCU) Trading 1.3% Higher – Here’s Why

Shares of Fission Uranium Corp. (TSE:FCU) shot up 1.3% during trading on Wednesday . The stock traded as high as C$0.79 and last traded at C$0.79. 1,456,978 shares were traded during mid-day trading, a decline of 47% from the average session volume of 2,737,940 shares. The stock had previously closed at C$0.78.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of Fission Uranium from C$1.75 to C$1.65 and set a “speculative buy” rating for the company in a research note on Tuesday, September 24th.

Fission Uranium Price Performance

The company has a fifty day simple moving average of C$0.94 and a two-hundred day simple moving average of C$1.02. The stock has a market capitalization of C$695.58 million, a price-to-earnings ratio of -81.00 and a beta of 2.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 20.34 and a current ratio of 23.97.

Fission Uranium Company Profile

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.