Ucore Rare Metals (OTCMKTS:UURAF) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Ucore Rare Metals Inc. (OTCMKTS:UURAF) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.03 and traded as high as $7.37. Ucore Rare Metals shares last traded at $7.2379, with a volume of 1,429,246 shares trading hands.

Wall Street Analyst Weigh In

UURAF has been the subject of several research analyst reports. Raymond James Financial began coverage on Ucore Rare Metals in a report on Wednesday, October 22nd. They issued an “outperform” rating for the company. B. Riley assumed coverage on Ucore Rare Metals in a research report on Friday, November 21st. They issued a “buy” rating and a $9.00 target price on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $9.00.

Ucore Rare Metals Trading Down 0.2%

The company has a 50-day moving average of $5.07 and a two-hundred day moving average of $4.03.

About Ucore Rare Metals

Ucore Rare Metals Inc is a Canadian mineral exploration and technology development company specializing in rare earth elements (REE) and other critical metals. The company’s flagship asset is the Separation Rapids Rare Earth Project in Ontario, where it is advancing resource definition, metallurgical testing and environmental studies. Ucore’s exploration portfolio also includes satellite targets for nickel, copper and uranium, reflecting a strategic focus on metals that underpin high-technology, clean-energy and defense applications.

Beyond exploration, Ucore is developing proprietary separation and processing technologies to establish a domestic supply chain for rare earth oxides.