Desjardins Upgrades CanAlaska Uranium (CVE:CVV) to “Moderate Buy”

CanAlaska Uranium (CVE:CVV) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Cormark raised CanAlaska Uranium to a “moderate buy” rating in a research note on Tuesday, January 7th.

CanAlaska Uranium Stock Performance

Shares of CVV stock opened at C$0.73 on Thursday. The company has a market capitalization of C$130.04 million and a price-to-earnings ratio of -15.06. The business’s 50-day moving average price is C$0.80. CanAlaska Uranium has a 12-month low of C$0.53 and a 12-month high of C$1.00.

Insider Buying and Selling

In related news, Director Geoffrey Gay purchased 75,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of C$0.75 per share, with a total value of C$56,250.00. Also, Senior Officer Peter George Dasler sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of C$0.85, for a total value of C$42,500.00. Insiders have sold a total of 62,500 shares of company stock worth $51,675 in the last 90 days.