IsoEnergy (NYSEAMERICAN:ISOU) Shares Gap Down – Time to Sell?

Shares of IsoEnergy Ltd. (NYSEAMERICAN:ISOU) gapped down prior to trading on Tuesday . The stock had previously closed at $10.64, but opened at $10.10. IsoEnergy shares last traded at $10.1450, with a volume of 2,312 shares.

IsoEnergy Trading Down 1.1%

The company has a market cap of $654.69 million, a PE ratio of -58.95 and a beta of 1.63. The stock has a 50 day moving average price of $10.44 and a 200 day moving average price of $10.83.

Hedge Funds Weigh In On IsoEnergy

Institutional investors and hedge funds have recently made changes to their positions in the business. Firetrail Investments PTY Ltd. bought a new stake in shares of IsoEnergy in the 2nd quarter worth approximately $2,903,000. The Manufacturers Life Insurance Company bought a new position in IsoEnergy during the 1st quarter valued at approximately $9,644,000. Masters Capital Management LLC bought a new position in IsoEnergy during the 1st quarter valued at approximately $7,378,000. Acasta Partners UK LLP raised its stake in IsoEnergy by 88.4% during the second quarter. Acasta Partners UK LLP now owns 150,700 shares of the company’s stock valued at $1,501,000 after buying an additional 70,700 shares during the last quarter. Finally, Rockbridge Asset Management LLC purchased a new position in IsoEnergy during the second quarter valued at $100,000.

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.