Yellow Cake (LON:YCA) Shares Down 2.3% – Here’s What Happened

Yellow Cake plc (LON:YCA) shares were down 2.3% during mid-day trading on Tuesday . The company traded as low as GBX 563 ($7.30) and last traded at GBX 563 ($7.30). Approximately 871,029 shares traded hands during trading, a decline of 21% from the average daily volume of 1,096,523 shares. The stock had previously closed at GBX 576.50 ($7.48).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 722 ($9.36) target price on shares of Yellow Cake in a research report on Monday, October 7th.

Yellow Cake Stock Performance

The business’s 50-day moving average is GBX 550.19 and its two-hundred day moving average is GBX 582.82. The stock has a market capitalization of £1.22 billion, a PE ratio of 215.71 and a beta of 0.27.

Yellow Cake Company Profile

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.