Fission Uranium (TSE:FCU) Stock Crosses Above 50-Day Moving Average of $0.87

Fission Uranium Corp. (TSE:FCU)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.87 and traded as high as C$0.92. Fission Uranium shares last traded at C$0.89, with a volume of 2,147,703 shares.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FCU shares. Canaccord Genuity Group increased their price target on shares of Fission Uranium from C$1.30 to C$1.40 and gave the stock a “speculative buy” rating in a report on Tuesday, September 26th. Haywood Securities set a C$1.55 target price on shares of Fission Uranium and gave the company a “buy” rating in a research report on Friday, October 20th.

Fission Uranium Trading Up 4.1 %

The company’s 50-day moving average is C$0.87 and its 200 day moving average is C$0.72. The company has a market cap of C$751.66 million, a price-to-earnings ratio of -99.00 and a beta of 2.82. The company has a quick ratio of 20.34, a current ratio of 22.65 and a debt-to-equity ratio of 0.06.

Insider Activity

In related news, Director Darian Heung-Yeung Yip sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of C$0.90, for a total value of C$45,000.00. Insiders own 14.07% of the company’s stock.

About Fission Uranium

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its primary asset is the 100% owned Patterson Lake South property that consists of 17 contiguous mineral claims covering an area of approximately 31,039 hectares located in the Athabasca Basin region of Saskatchewan; and West Cluff property covering and area of 11,148 hectares located in the Western Athabasca Basin.