IsoEnergy (NYSEAMERICAN:ISOU) Trading Down 6.1% – Here’s Why

IsoEnergy Ltd. (NYSEAMERICAN:ISOU)’s stock price fell 6.1% during mid-day trading on Friday . The company traded as low as $9.81 and last traded at $9.79. Approximately 144,374 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 129,547 shares. The stock had previously closed at $10.43.

IsoEnergy Stock Performance

The stock has a market cap of $633.61 million, a price-to-earnings ratio of -57.27 and a beta of 1.63. The stock’s 50-day simple moving average is $10.48 and its two-hundred day simple moving average is $10.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ISOU. Royal Bank of Canada grew its stake in shares of IsoEnergy by 581.0% in the first quarter. Royal Bank of Canada now owns 4,202 shares of the company’s stock worth $44,000 after acquiring an additional 3,585 shares during the last quarter. Banque Cantonale Vaudoise grew its position in IsoEnergy by 3.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 101,478 shares of the company’s stock worth $1,072,000 after purchasing an additional 3,800 shares during the last quarter. Wealthspire Retirement LLC increased its holdings in shares of IsoEnergy by 19.8% during the 1st 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. The Manufacturers Life Insurance Company raised its position in shares of IsoEnergy by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 932,342 shares of the company’s stock valued at $9,046,000 after buying an additional 7,665 shares during the last quarter. Finally, Rockbridge Asset Management LLC bought a new stake in shares of IsoEnergy in the second quarter valued at about $100,000.

IsoEnergy Company Profile

IsoEnergy Ltd. is a mineral exploration and development company focused on uranium. The company’s primary activities include acquiring, exploring and advancing uranium properties, with an emphasis on projects that may support future mine development. IsoEnergy is based in Canada and is listed on the NYSE American under the symbol ISOU.

The company’s flagship asset is the Hurricane uranium project in the eastern Athabasca Basin of Saskatchewan, Canada. IsoEnergy also holds and evaluates additional exploration properties in the Athabasca Basin, one of the world’s most significant uranium-producing regions.