Key Points
- Insider sale: CanAlaska Uranium insider Nathan Jeffrey Bridge sold 50,000 shares on May 8 at an average price of C$0.62, worth C$31,000. After the sale, he still held 55,500 shares, and the transaction reduced his position by 47.39%.
- Additional recent selling: Bridge also sold 25,000 shares on May 7 in two separate transactions, signaling continued insider selling over a short period.
- Stock and analyst context: CVV was up 6.5% to C$0.66, but it remains well below its 52-week high of C$1.26. Analysts currently have a Buy consensus with a C$1.35 target price.
CanAlaska Uranium Ltd. (CVE:CVV - Get Free Report) insider Nathan Jeffrey Bridge sold 50,000 shares of the company's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$0.62, for a total value of C$31,000.00. Following the completion of the sale, the insider owned 55,500 shares in the company, valued at C$34,410. The trade was a 47.39% decrease in their position.
Nathan Jeffrey Bridge also recently made the following trade(s):
- On Thursday, May 7th, Nathan Jeffrey Bridge sold 500 shares of CanAlaska Uranium stock. The stock was sold at an average price of C$0.63, for a total value of C$315.00.
- On Thursday, May 7th, Nathan Jeffrey Bridge sold 24,500 shares of CanAlaska Uranium stock. The stock was sold at an average price of C$0.62, for a total value of C$15,190.00.
CanAlaska Uranium Stock Up 6.5%
Shares of CVV opened at C$0.66 on Tuesday. CanAlaska Uranium Ltd. has a 52 week low of C$0.51 and a 52 week high of C$1.26. The company has a market capitalization of C$145.28 million, a price-to-earnings ratio of -7.33 and a beta of 0.05. The stock's 50-day moving average price is C$0.73 and its 200-day moving average price is C$0.73.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group set a C$1.35 target price on CanAlaska Uranium and gave the stock a "moderate buy" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, CanAlaska Uranium has an average rating of "Buy" and an average target price of C$1.35.
Read Our Latest Stock Analysis on CVV
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