Ucore Rare Metals (CVE:UCU) Insider Sells C$65,000.00 in Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Llc Orca Holdings sold 10,000 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of C$6.50, for a total transaction of C$65,000.00. Following the completion of the sale, the insider owned 8,941,736 shares in the company, valued at approximately C$58,121,284. This trade represents a 0.11% decrease in their ownership of the stock.

Llc Orca Holdings also recently made the following trade(s):

• On Monday, November 10th, Llc Orca Holdings sold 10,000 shares of Ucore Rare Metals stock. The shares were sold at an average price of C$7.80, for a total transaction of C$78,000.00.
• On Tuesday, October 28th, Llc Orca Holdings sold 10,000 shares of Ucore Rare Metals stock. The stock was sold at an average price of C$7.00, for a total value of C$70,000.00.

Ucore Rare Metals Price Performance

CVE UCU traded up C$0.10 during trading hours on Friday, hitting C$5.50. 433,772 shares of the company were exchanged, compared to its average volume of 490,887. Ucore Rare Metals Inc. has a 52 week low of C$0.57 and a 52 week high of C$13.07. The stock has a market capitalization of C$501.94 million, a P/E ratio of -26.19 and a beta of 0.90.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UCU shares. B. Riley raised Ucore Rare Metals to a “strong-buy” rating in a research report on Thursday. Raymond James Financial boosted their price objective on shares of Ucore Rare Metals from C$14.50 to C$15.50 in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Ucore Rare Metals presently has an average rating of “Strong Buy” and an average price target of C$15.50.