CanAlaska Uranium (CVE:CVV) Trading 2.9% Higher – Here’s What Happened

CanAlaska Uranium Ltd. (CVE:CVV) shares rose 2.9% during trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.35. 482,985 shares traded hands during trading, a decline of 32% from the average session volume of 710,065 shares. The stock had previously closed at C$0.34.

CanAlaska Uranium Trading Up 2.9%

The firm has a market cap of C$78.14 million, a PE ratio of -3.94 and a beta of -0.03. The firm has a fifty day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.67.

Insider Activity at CanAlaska Uranium

In related news, insider Nathan Jeffrey Bridge sold 50,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$0.62, for a total value of C$31,000.00. Following the completion of the sale, the insider owned 55,500 shares of the company’s stock, valued at C$34,410. This trade represents a 47.39% decrease in their ownership of the stock. Insiders sold a total of 75,000 shares of company stock worth $46,505 in the last ninety days.