CanAlaska Uranium (CVE:CVV) Shares Up 15.8% – Here’s What Happened

CanAlaska Uranium Ltd. (CVE:CVV)’s share price rose 15.8% during mid-day trading on Monday . The stock traded as high as C$0.88 and last traded at C$0.88. Approximately 511,466 shares changed hands during trading, a decline of 35% from the average daily volume of 789,096 shares. The stock had previously closed at C$0.76.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$1.35 target price on shares of CanAlaska Uranium and gave the company a “moderate buy” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$1.35.

CanAlaska Uranium Price Performance

The company has a fifty day moving average price of C$0.71 and a two-hundred day moving average price of C$0.82. The company has a market capitalization of C$193.41 million, a P/E ratio of -9.78 and a beta of 0.58.