Fission Uranium (TSE:FCU) Shares Pass Above 50-Day Moving Average of $0.85

Fission Uranium Corp. (TSE:FCU – Get Rating) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.85 and traded as high as C$0.86. Fission Uranium shares last traded at C$0.83, with a volume of 758,694 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a C$1.70 price target on shares of Fission Uranium in a research note on Friday, January 27th.

Fission Uranium Stock Performance

The firm has a market cap of C$570.82 million, a price-to-earnings ratio of -83.00 and a beta of 2.94. The stock has a 50 day moving average of C$0.85 and a 200 day moving average of C$0.79. The company has a quick ratio of 20.34, a current ratio of 20.85 and a debt-to-equity ratio of 0.08.

Insider Activity at Fission Uranium

In related news, Senior Officer Ross E. Mcelroy purchased 1,326,086 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was acquired at an average price of C$1,326,086.00 per share, with a total value of C$1,758,504,079,396.00. Following the completion of the purchase, the insider now directly owns 3,647,479 shares in the company, valued at C$4,836,870,837,194. 14.54% of the stock is owned by insiders.

About Fission Uranium

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