Yellow Cake (LON:YCA) Stock Falls 1.4% – Here’s What Happened

Yellow Cake plc (LON:YCA)’s stock price traded down 1.4% during mid-day trading on Wednesday. The company traded as low as GBX 524.50 and last traded at GBX 525. 1,104,306 shares were traded during trading, a decline of 77% from the average session volume of 4,725,309 shares. The stock had previously closed at GBX 532.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 737 target price on shares of Yellow Cake in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 701.75.

Yellow Cake Trading Down 1.4%

The business’s 50 day moving average is GBX 561.80 and its two-hundred day moving average is GBX 564.65. The company has a market cap of £1.32 billion, a PE ratio of 2.88 and a beta of 0.30.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.