Yellow Cake (LON:YCA) Trading 1.5% Higher – Here’s What Happened

Yellow Cake plc (LON:YCA)’s share price shot up 1.5% on Thursday . The stock traded as high as GBX 507 ($6.19) and last traded at GBX 500.50 ($6.11). 696,379 shares traded hands during trading, a decline of 37% from the average session volume of 1,103,755 shares. The stock had previously closed at GBX 493.20 ($6.02).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 722 ($8.82) price target on shares of Yellow Cake in a research note on Tuesday, December 10th.

Yellow Cake Stock Performance

The company has a market capitalization of £1.09 billion, a PE ratio of 192.15 and a beta of 0.27. The company has a 50 day moving average price of GBX 525.14 and a 200 day moving average price of GBX 540.57.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.