CanAlaska Uranium (CVE:CVV) Shares Down 9.3% – Here’s Why

CanAlaska Uranium Ltd. (CVE:CVV) fell 9.3% during trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.88. 960,303 shares were traded during trading, an increase of 47% from the average session volume of 654,707 shares. The stock had previously closed at C$0.97.

Analyst Upgrades and Downgrades

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

CanAlaska Uranium Stock Down 9.3%

The stock has a market capitalization of C$193.41 million, a price-to-earnings ratio of -9.78 and a beta of 0.58. The stock has a fifty day moving average of C$0.79 and a 200-day moving average of C$0.81.