IsoEnergy (TSE:ISO) Shares Up 11.6% – Time to Buy?

Shares of IsoEnergy Ltd. (TSE:ISO) rose 11.6% during trading on Tuesday. The stock traded as high as C$15.08 and last traded at C$15.08. Approximately 195,106 shares were traded during mid-day trading, a decline of 18% from the average session volume of 237,268 shares. The stock had previously closed at C$13.51.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of IsoEnergy to a “moderate buy” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, IsoEnergy presently has an average rating of “Strong Buy”.

IsoEnergy Price Performance

The company has a 50-day simple moving average of C$14.55 and a 200-day simple moving average of C$14.86. The stock has a market cap of C$883.57 million, a PE ratio of -54.16 and a beta of 1.98.

IsoEnergy (TSE:ISO) last issued its earnings results on Wednesday, July 29th. The company reported C($0.11) EPS for the quarter.

IsoEnergy Company Profile

IsoEnergy (NYSE American: ISOU; TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada’s Athabasca basin, which is home to the Hurricane deposit, boasting the world’s highest-grade indicated uranium mineral resource.