CanAlaska Uranium (CVE:CVV) Insider Nathan Jeffrey Bridge Sells 50,000 Shares of Stock

CanAlaska Uranium Ltd. (CVE:CVV) insider Nathan Jeffrey Bridge sold 50,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$0.62, for a total value of C$31,000.00. Following the transaction, the insider directly owned 55,500 shares in the company, valued at C$34,410. This represents a 47.39% decrease in their ownership of the stock.

Nathan Jeffrey Bridge also recently made the following trade(s):

• On Thursday, May 7th, Nathan Jeffrey Bridge sold 500 shares of CanAlaska Uranium stock. The shares were sold at an average price of C$0.63, for a total value of C$315.00.
• On Thursday, May 7th, Nathan Jeffrey Bridge sold 24,500 shares of CanAlaska Uranium stock. The shares were sold at an average price of C$0.62, for a total value of C$15,190.00.

CanAlaska Uranium Price Performance

Shares of CVE:CVV opened at C$0.66 on Tuesday. The business’s 50-day moving average is C$0.73 and its 200 day moving average is C$0.73. CanAlaska Uranium Ltd. has a 1 year low of C$0.51 and a 1 year high of C$1.26. The firm has a market capitalization of C$145.28 million, a P/E ratio of -7.33 and a beta of 0.05.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a C$1.35 target price on CanAlaska Uranium and gave the company a “moderate buy” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, CanAlaska Uranium presently has a consensus rating of “Buy” and an average price target of C$1.35.