UEX (TSE:UEX) had its target price cut by stock analysts at Eight Capital from C$0.50 to C$0.45 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Eight Capital’s price target would suggest a potential upside of 157.14% from the company’s previous close.

Shares of UEX stock traded down C$0.01 during trading hours on Wednesday, reaching C$0.18. 99,500 shares of the company’s stock were exchanged, compared to its average volume of 463,530. The company has a quick ratio of 5.08, a current ratio of 5.17 and a debt-to-equity ratio of 1.83. UEX has a 1 year low of C$0.14 and a 1 year high of C$0.29. The firm has a market capitalization of $68.65 million and a price-to-earnings ratio of -8.33.

UEX Company Profile

UEX Corporation engages in the acquisition, exploration, and development of uranium and cobalt properties in Canada. The company holds mineral property interests in the Athabasca Basin in Saskatchewan. It primarily focuses on the Christie Lake project, the Horseshoe-Raven project, the Shea Creek project, and the West Bear project.

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