IsoEnergy (NYSEAMERICAN:ISOU) Stock Falls 7.2% – Time to Sell?

Shares of IsoEnergy Ltd. (NYSEAMERICAN:ISOU) traded down 7.2% during mid-day trading on Wednesday. The company traded as low as $9.66 and last traded at $9.6310. 46,849 shares traded hands during trading, a decline of 65% from the average session volume of 135,297 shares. The stock had previously closed at $10.38.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada assumed coverage on shares of IsoEnergy in a research note on Thursday, October 1st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

IsoEnergy Stock Down 1.6%

The firm has a market capitalization of $594.96 million, a price-to-earnings ratio of -53.35 and a beta of 1.87. The company’s 50 day moving average price is $10.41 and its 200 day moving average price is $10.66.

Institutional Investors Weigh In On IsoEnergy

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in IsoEnergy during the first quarter worth about $9,644,000. Masters Capital Management LLC acquired a new position in shares of IsoEnergy during the first quarter worth about $7,378,000. Firetrail Investments PTY Ltd. acquired a new position in shares of IsoEnergy during the second quarter worth $2,903,000. Acasta Partners UK LLP increased its holdings in shares of IsoEnergy by 88.4% in the 2nd quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock valued at $1,501,000 after acquiring an additional 70,700 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in IsoEnergy by 13.5% during the first quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock worth $1,181,000 after purchasing an additional 13,363 shares in the last quarter.

IsoEnergy Company Profile

IsoEnergy Ltd. is a mineral exploration and development company focused on the discovery and advancement of uranium resources. The company’s primary activities include acquiring, exploring and evaluating prospective uranium properties, with the goal of developing projects that may support future mining operations.

IsoEnergy’s principal asset is the Hurricane uranium deposit, located on the Larocque East property in Saskatchewan’s Athabasca Basin. The Athabasca Basin is one of the world’s leading uranium-producing regions and is known for high-grade uranium deposits.