CanAlaska Uranium (OTCMKTS:CVVUF) Trading Down 1.5% – Should You Sell?

CanAlaska Uranium Ltd. (OTCMKTS:CVVUF) shares were down 1.5% during trading on Monday . The stock traded as low as $0.5544 and last traded at $0.5663. Approximately 105,230 shares traded hands during trading, a decline of 3% from the average daily volume of 108,615 shares. The stock had previously closed at $0.5750.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a $1.35 price objective on CanAlaska Uranium in a research note on Monday, January 19th.

CanAlaska Uranium Stock Down 4.0%

The firm has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $0.58.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (OTCMKTS: CVVUF) is a Canada‐based mineral exploration company focused primarily on the discovery and development of uranium projects in Western Canada. Established in 1988 and headquartered in Vancouver, British Columbia, CanAlaska maintains a diversified portfolio of exploration properties, with an emphasis on the prolific Athabasca Basin region of northern Saskatchewan. The company is engaged in all stages of exploration, from initial target generation and airborne geophysics to deep‐drill testing and resource estimation.

CanAlaska’s business model centers on securing high‐potential tenure while partnering with larger industry players to advance drilling programs.