IsoEnergy (NYSEAMERICAN:ISOU) Stock Falls 7.2% – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada began coverage on shares of IsoEnergy in a report on Thursday, October 1st. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

IsoEnergy Stock Down 5.8%

The firm has a market cap of $638.24 million, a price-to-earnings ratio of -57.52 and a beta of 1.87. The firm has a 50 day moving average of $10.42 and a 200 day moving average of $10.66.

Institutional Trading of IsoEnergy

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of 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 acquiring an additional 3,585 shares in the last quarter. Rockbridge Asset Management LLC acquired a new stake in IsoEnergy in the second quarter worth $100,000. Wealthspire Retirement LLC grew its holdings in IsoEnergy by 19.8% in the first quarter. Wealthspire Retirement LLC now owns 27,800 shares of the company’s stock worth $293,000 after purchasing an additional 4,600 shares during the period. Ausbil Investment Management Ltd bought a new stake in IsoEnergy in the second quarter valued at $375,000. Finally, Themes Management Co LLC increased its stake in IsoEnergy by 89.4% in the first quarter. Themes Management Co LLC now owns 71,791 shares of the company’s stock valued at $761,000 after purchasing an additional 33,891 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.