Ucore Rare Metals (CVE:UCU) Director Sells 40,000 Shares

Key Points

  • Director Jaroslav Dostal sold 40,000 shares of Ucore Rare Metals on October 23 at an average price of C$6.48, generating about C$259,200.00.
  • The transaction cut his ownership by 91.74%, leaving him with 3,600 shares valued at roughly C$23,328.
  • Separately, Raymond James raised its price target on Ucore to C$15.50; the stock opened at C$7.33 (up 2.9%) and the company has a market cap of C$668.95 million with a trailing P/E of -34.90.

Ucore Rare Metals Inc. (CVE:UCU - Get Free Report) Director Jaroslav Dostal sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of C$6.48, for a total value of C$259,200.00. Following the completion of the transaction, the director directly owned 3,600 shares in the company, valued at approximately C$23,328. This represents a 91.74% decrease in their ownership of the stock.

Ucore Rare Metals Stock Up 2.9%

Shares of UCU opened at C$7.33 on Friday. The company has a market cap of C$668.95 million, a price-to-earnings ratio of -34.90 and a beta of 0.90. Ucore Rare Metals Inc. has a 1 year low of C$0.57 and a 1 year high of C$13.07.

Analyst Ratings Changes

Separately, Raymond James Financial lifted their price target on shares of Ucore Rare Metals from C$14.50 to C$15.50 in a report on Tuesday, November 4th.

Read Our Latest Stock Analysis on UCU

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