IsoEnergy (TSE:ISO) Stock Price Up 11.6% – Should You Buy?

IsoEnergy Ltd. (TSE:ISO)’s share price rose 11.6% during mid-day trading on Tuesday. The company traded as high as C$15.08 and last traded at C$15.08. 195,106 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 237,268 shares. The stock had previously closed at C$13.51.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of IsoEnergy to a “moderate buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, IsoEnergy presently has an average rating of “Strong Buy”.

IsoEnergy Price Performance

The firm has a market cap of C$993.20 million, a price-to-earnings ratio of -60.88 and a beta of 1.98. The firm has a fifty day simple moving average of C$14.51 and a two-hundred day simple moving average of C$14.87.

IsoEnergy (TSE:ISO) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($0.11) earnings per share (EPS) for the quarter.

IsoEnergy Company Profile

IsoEnergy (NYSE American: ISOU; TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada’s Athabasca basin, which is home to the Hurricane deposit, boasting the world’s highest-grade indicated uranium mineral resource.