CanAlaska Uranium ( (TSE:CVV) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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CanAlaska Uranium’s stock is on the rise following the company’s strategic move to regain full ownership of the Cree East Project. This decision opens up new exploration opportunities near the Key Lake Mine, sparking investor interest despite the company’s current lack of revenue. Analysts have maintained their price targets and a Moderate Buy rating, balancing the potential for growth from new discoveries with existing financial challenges.
More about CanAlaska Uranium
YTD Price Performance: 59.15%
Average Trading Volume: 476,825
Technical Sentiment Signal: Buy
Current Market Cap: C$212.9M
For further insights into CVV stock on TipRanks’ Stock Analysis page.
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