Insider Selling: Ucore Rare Metals (CVE:UCU) Insider Sells 10,000 Shares of Stock

Ucore Rare Metals Inc. (CVE:UCU) insider Randy Johnson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of C$6.35, for a total value of C$63,500.00. Following the sale, the insider owned 10,556,736 shares in the company, valued at C$67,035,273.60. The trade was a 0.09% decrease in their position.

Ucore Rare Metals Stock Down 2.5%

Shares of CVE:UCU traded down C$0.25 during mid-day trading on Friday, reaching C$9.60. 648,787 shares of the company’s stock were exchanged, compared to its average volume of 702,982. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of -21.82 and a beta of 0.52. Ucore Rare Metals Inc. has a twelve month low of C$0.65 and a twelve month high of C$13.07. The firm’s fifty day simple moving average is C$6.73.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UCU. B. Riley raised Ucore Rare Metals to a “strong-buy” rating in a research note on Thursday, November 20th. Raymond James Financial upped their target price on Ucore Rare Metals from C$14.50 to C$15.50 in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$15.50.

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.