Frontier Nuclear and Minerals Inc. Common Shares (NASDAQ:FNUC) Stock Falls 9.1% – Here’s Why

Shares of Frontier Nuclear and Minerals Inc. Common Shares (NASDAQ:FNUC) fell 9.1% during trading on Thursday. The stock traded as low as $0.6617 and last traded at $0.67. 257,060 shares traded hands during trading, a decline of 12% from the average session volume of 291,569 shares. The stock had previously closed at $0.7370.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Frontier Nuclear and Minerals Inc. Common Shares in a report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Frontier Nuclear and Minerals Inc. Common Shares Trading Down 4.3%

The firm has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.78. The stock has a market cap of $11.56 million, a price-to-earnings ratio of -0.70 and a beta of 0.45.

Frontier Nuclear and Minerals Inc. Common Shares (NASDAQ:FNUC) last released its earnings results on Friday, August 21st. The company reported ($0.44) EPS for the quarter.

Institutional Trading of Frontier Nuclear and Minerals Inc. Common Shares

A hedge fund recently raised its stake in Frontier Nuclear and Minerals Inc. Common Shares stock. Apella Capital LLC raised its holdings in shares of Frontier Nuclear and Minerals Inc. Common Shares (NASDAQ:FNUC) by 54.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Apella Capital LLC owned 0.19% of Frontier Nuclear and Minerals Inc. Common Shares worth $45,000 as of its most recent filing with the Securities and Exchange Commission. 0.24% of the stock is owned by hedge funds and other institutional investors.

About Frontier Nuclear and Minerals Inc. Common Shares

Frontier Nuclear and Minerals Inc is developing a U.S.-focused front-end nuclear fuel cycle company through a portfolio of U.S. uranium exploration and development projects in Wyoming, Colorado, and Utah, together with investments in next-generation uranium enrichment and small modular reactors. Frontier Nuclear is actively evaluating value-accretive investment opportunities in other sectors of the domestic U.S. nuclear fuel cycle. The group is developing a portfolio of critical minerals projects in America, Canada, and Namibia, including uranium, tantalum, cesium, and lithium.