IsoEnergy (NYSEAMERICAN:ISOU) Trading 6.9% Higher – Here’s Why

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) shares traded up 6.9% during mid-day trading on Monday . The company traded as high as $11.08 and last traded at $10.9970. Approximately 14,484 shares were traded during trading, a decline of 89% from the average session volume of 126,810 shares. The stock had previously closed at $10.29.

IsoEnergy Trading Down 5.9%

The firm has a market cap of $670.22 million, a price-to-earnings ratio of -60.41 and a beta of 1.55. The stock has a 50 day simple moving average of $10.14.

Institutional Investors Weigh In On IsoEnergy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ISOU. Royal Bank of Canada boosted its position in IsoEnergy by 581.0% in the 1st quarter. Royal Bank of Canada now owns 4,202 shares of the company’s stock valued at $44,000 after buying an additional 3,585 shares during the period. Rockbridge Asset Management LLC bought a new position in IsoEnergy in the 2nd quarter worth about $100,000. Wealthspire Retirement LLC increased its position in shares of IsoEnergy by 19.8% during the first quarter. Wealthspire Retirement LLC now owns 27,800 shares of the company’s stock worth $293,000 after acquiring an additional 4,600 shares during the period. Ausbil Investment Management Ltd purchased a new position in shares of IsoEnergy during the second quarter worth approximately $375,000. Finally, Themes Management Co LLC raised its stake in shares of IsoEnergy by 89.4% during the first quarter. Themes Management Co LLC now owns 71,791 shares of the company’s stock valued at $761,000 after acquiring an additional 33,891 shares in the last quarter.

About IsoEnergy

IsoEnergy (NYSEAMERICAN: ISOU) is a Canadian uranium exploration and development company focused on identifying and advancing high-grade uranium deposits. The company concentrates its activities in the Athabasca Basin of Saskatchewan, a globally significant uranium-producing district known for high-grade deposits. IsoEnergy’s operations center on systematic exploration, drilling, resource definition and the early-stage technical work necessary to advance discoveries toward potential development.

IsoEnergy’s work program typically includes geophysical and geochemical surveys, diamond drilling campaigns, resource modeling and metallurgical and environmental baseline studies.