Key Points
- Insider selling: Michael Schrider sold 15,000 Ucore Rare Metals shares at C$2.61 each for C$39,150, reducing his direct ownership by 17.65% to 70,000 shares. He also sold 45,000 shares in two transactions the previous week.
- Stock performance: Ucore shares opened at C$2.64, with a market capitalization of approximately C$374.4 million. The stock has traded between C$2.38 and C$13.07 over the past year and remains below its 50-day and 200-day moving averages.
- Analyst outlook: Raymond James lowered its price target from C$15.00 to C$14.75 but maintained an “outperform” rating. The stock has a consensus “Strong Buy” rating and an average price target of C$14.75.
Ucore Rare Metals Inc. (CVE:UCU - Get Free Report) insider Michael Schrider sold 15,000 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$2.61, for a total transaction of C$39,150.00. Following the sale, the insider directly owned 70,000 shares of the company's stock, valued at approximately C$182,700. This represents a 17.65% decrease in their ownership of the stock.
Michael Schrider also recently made the following trade(s):
- On Thursday, August 27th, Michael Schrider sold 30,000 shares of Ucore Rare Metals stock. The shares were sold at an average price of C$2.90, for a total transaction of C$87,000.00.
- On Friday, August 28th, Michael Schrider sold 15,000 shares of Ucore Rare Metals stock. The stock was sold at an average price of C$2.71, for a total transaction of C$40,650.00.
Ucore Rare Metals Price Performance
Shares of UCU opened at C$2.64 on Thursday. The company has a market capitalization of C$374.36 million, a PE ratio of -6.00 and a beta of -0.06. Ucore Rare Metals Inc. has a one year low of C$2.38 and a one year high of C$13.07. The company's fifty day moving average price is C$3.61 and its 200 day moving average price is C$5.04.
Analysts Set New Price Targets
Separately, Raymond James Financial dropped their price objective on Ucore Rare Metals from C$15.00 to C$14.75 and set an "outperform" rating on the stock in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and an average price target of C$14.75.
Get Our Latest Analysis on UCU
Ucore Rare Metals Inc (CVE: UCU) is a Canadian company focused on the development and commercialization of rare earth element (REE) resources and related processing technologies. The company concentrates on advancing projects and metallurgical processes intended to produce both light and heavy rare earth oxides, which are critical inputs for high‑technology, defense, and clean‑energy applications. Ucore's activities span exploration-stage project development as well as downstream processing and separation work aimed at creating a more secure North American supply chain for critical minerals.
A central element of Ucore's offering is proprietary separation and processing technology designed to improve the efficiency and economics of REE extraction and purification.
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