UEX’s (UEX) Buy Rating Reaffirmed at Fundamental Research

Fundamental Research reiterated their buy rating on shares of UEX (TSE:UEX) in a research report sent to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a C$0.45 price objective on the stock.

UEX stock traded down C$0.01 during mid-day trading on Tuesday, hitting C$0.13. 114,790 shares of the stock were exchanged, compared to its average volume of 403,381. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.53 and a quick ratio of 2.46. The business has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.16. UEX has a 12 month low of C$0.11 and a 12 month high of C$0.20. The stock has a market capitalization of $53.39 million and a price-to-earnings ratio of -5.22.

UEX Company Profile

UEX Corporation engages in the acquisition, exploration, and development of uranium and cobalt properties in Canada. The company holds mineral property interests in the Athabasca Basin in Saskatchewan. It primarily focuses on the Christie Lake project, the Horseshoe-Raven project, the Shea Creek project, and the West Bear project.

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