IsoEnergy (NYSEAMERICAN:ISOU) Shares Up 6.9% – Should You Buy?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU) shares shot up 6.9% on Monday . The company traded as high as $10.27 and last traded at $9.91. Approximately 74,659 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 134,082 shares. The stock had previously closed at $9.27.

IsoEnergy Trading Down 0.7%

The company’s 50-day moving average is $10.46 and its two-hundred day moving average is $10.78. The firm has a market cap of $665.00 million, a P/E ratio of -59.94 and a beta of 1.63.

Hedge Funds Weigh In On IsoEnergy

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new position in IsoEnergy during the 1st quarter worth $9,644,000. Masters Capital Management LLC bought a new position in shares of IsoEnergy in the first quarter valued at approximately $7,378,000. Firetrail Investments PTY Ltd. bought a new position in shares of IsoEnergy in the second quarter valued at approximately $2,903,000. Acasta Partners UK LLP increased its position in shares of IsoEnergy by 88.4% during the second quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock valued at $1,501,000 after acquiring an additional 70,700 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of IsoEnergy by 13.5% during the first quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock valued at $1,181,000 after acquiring an additional 13,363 shares during the last quarter.

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.