Fission Uranium (TSE:FCU) Downgraded to Hold Rating by Canaccord Genuity Group

Fission Uranium (TSE:FCU) was downgraded by equities research analysts at Canaccord Genuity Group from a “speculative buy” rating to a “hold” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$0.76 target price on the stock, down from their prior target price of C$1.65.

Separately, Canaccord Genuity Group lowered their price target on Fission Uranium from C$1.75 to C$1.65 and set a “speculative buy” rating for the company in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fission Uranium presently has an average rating of “Buy” and a consensus price target of C$1.65.

Fission Uranium Trading Up 5.6 %

Shares of TSE:FCU traded up C$0.04 during midday trading on Thursday, hitting C$0.76. The company had a trading volume of 2,993,499 shares, compared to its average volume of 2,716,404. The company has a current ratio of 23.97, a quick ratio of 20.34 and a debt-to-equity ratio of 0.05. Fission Uranium has a 12 month low of C$0.70 and a 12 month high of C$1.38. The firm has a fifty day simple moving average of C$0.93 and a 200 day simple moving average of C$1.01. The stock has a market cap of C$652.64 million, a price-to-earnings ratio of -76.00 and a beta of 2.69.

About Fission Uranium

Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. Its flagship property is the 100% owned Patterson Lake South property with 17 contiguous mineral claims covering an area of 31,039 ha located in the Athabasca Basin region of Saskatchewan, Canada.