Mountain Lake Investment Management LLC Acquires Shares of 15,000 Uranium Royalty Corp. (NASDAQ:UROY)

Mountain Lake Investment Management LLC acquired a new position in shares of Uranium Royalty Corp. (NASDAQ:UROY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $33,000. Uranium Royalty makes up approximately 0.0% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently modified their holdings of UROY. Bayshore Asset Management LLC bought a new stake in shares of Uranium Royalty in the 3rd quarter valued at about $147,000. Fourth Sail Capital LP acquired a new stake in Uranium Royalty in the 3rd quarter valued at $1,428,000. Stifel Financial Corp purchased a new stake in shares of Uranium Royalty in the third quarter worth approximately $388,000. National Bank of Canada FI lifted its stake in Uranium Royalty by 149.4% during the 3rd quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock valued at $45,000 after acquiring an additional 11,075 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Uranium Royalty during the third quarter worth about $251,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James initiated coverage on shares of Uranium Royalty in a report on Thursday, February 6th. They issued an “outperform” rating on the stock. National Bank Financial initiated coverage on shares of Uranium Royalty in a research report on Wednesday. They set a “sector perform” rating for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $7.70 price target on shares of Uranium Royalty in a research note on Thursday, December 19th.

Uranium Royalty Stock Performance

Shares of NASDAQ UROY opened at $2.21 on Friday. Uranium Royalty Corp. has a fifty-two week low of $1.86 and a fifty-two week high of $3.12. The company has a market capitalization of $295.23 million, a price-to-earnings ratio of 73.69 and a beta of 1.14. The company has a 50 day simple moving average of $2.33 and a two-hundred day simple moving average of $2.40.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.