IsoEnergy (NYSEAMERICAN:ISOU) Stock Price Up 6.9% – Time to Buy?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU)’s share price traded up 6.9% on Monday . The company traded as high as $10.27 and last traded at $9.91. 74,659 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 134,082 shares. The stock had previously closed at $9.27.

IsoEnergy Stock Performance

The firm has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.79. The firm has a market cap of $663.69 million, a price-to-earnings ratio of -59.82 and a beta of 1.63.

Institutional Trading of IsoEnergy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in shares of IsoEnergy by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 932,342 shares of the company’s stock worth $9,046,000 after buying an additional 7,665 shares during the last quarter. Rockbridge Asset Management LLC purchased a new position in shares of IsoEnergy in the 2nd quarter valued at $100,000. Firetrail Investments PTY Ltd. purchased a new position in shares of IsoEnergy in the 2nd quarter valued at $2,903,000. Ausbil Investment Management Ltd acquired a new stake in IsoEnergy during the 2nd quarter worth $375,000. Finally, Acasta Partners UK LLP raised its stake in IsoEnergy by 88.4% during the 2nd quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock worth $1,501,000 after acquiring an additional 70,700 shares in the last quarter.

IsoEnergy Company Profile

IsoEnergy Ltd. is a mineral exploration and development company focused on uranium. The company’s primary activities include acquiring, exploring and advancing uranium properties, with an emphasis on projects that may support future mine development. IsoEnergy is based in Canada and is listed on the NYSE American under the symbol ISOU.

The company’s flagship asset is the Hurricane uranium project in the eastern Athabasca Basin of Saskatchewan, Canada. IsoEnergy also holds and evaluates additional exploration properties in the Athabasca Basin, one of the world’s most significant uranium-producing regions.