Ucore Rare Metals (OTCMKTS:UURAF) Shares Pass Above 200 Day Moving Average – Time to Sell?

Ucore Rare Metals Inc. (OTCMKTS:UURAF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.81 and traded as high as $5.0650. Ucore Rare Metals shares last traded at $4.85, with a volume of 424,418 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on UURAF shares. Raymond James Financial initiated coverage on shares of Ucore Rare Metals in a research report on Wednesday, October 22nd. They set an “outperform” rating on the stock. B. Riley initiated coverage on Ucore Rare Metals in a research report on Friday, November 21st. They set a “buy” rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $9.00.

Ucore Rare Metals Trading Up 1.5%

The business’s 50 day moving average is $5.05 and its 200 day moving average is $2.81.

Ucore Rare Metals Company Profile

Ucore Rare Metals Inc engages in the exploration and separation of elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located in Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc and changed its name to Ucore Rare Metals Inc in June 2010.