Brave Asset Management Inc. Invests $35,000 in Uranium Royalty Corp. (NASDAQ:UROY)

Brave Asset Management Inc. acquired a new stake in Uranium Royalty Corp. (NASDAQ:UROY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,000 shares of the company’s stock, valued at approximately $35,000.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Uranium Royalty in the third quarter worth $233,000. XTX Topco Ltd purchased a new position in Uranium Royalty in the third quarter valued at $251,000. National Bank of Canada FI grew 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 worth $45,000 after purchasing an additional 11,075 shares in the last quarter. Stifel Financial Corp purchased a new stake in Uranium Royalty during the 3rd quarter worth about $388,000. Finally, Fourth Sail Capital LP acquired a new stake in Uranium Royalty in the 3rd quarter valued at about $1,428,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

Uranium Royalty Price Performance

NASDAQ:UROY opened at $2.27 on Thursday. The firm has a market capitalization of $303.25 million, a PE ratio of 75.69 and a beta of 1.13. The business’s fifty day moving average price is $2.41 and its 200 day moving average price is $2.40. Uranium Royalty Corp. has a 12 month low of $1.86 and a 12 month high of $3.76.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UROY. HC Wainwright reissued a “buy” rating and set a $7.70 price objective on shares of Uranium Royalty in a research report on Thursday, December 19th. B. Riley assumed coverage on shares of Uranium Royalty in a report on Monday, October 7th. They set a “buy” rating and a $3.50 price target for the company.

Uranium Royalty Company Profile

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.