Uranium Royalty Corp (NASDAQ: UROY): The Stock We Should Bet On For Economic Growth In The Months To Come

In today’s recent session, 0.61 million shares of the Uranium Royalty Corp (NASDAQ:UROY) have been traded, and its beta is 1.51. Most recently the company’s share price was $2.29, and it changed around $0.05 or 2.20% from the last close, which brings the market valuation of the company to $277.92M. UROY at last check was trading at a discount to its 52-week high of $3.76, offering almost -64.19% off that amount. The share price’s 52-week low was $1.92, which indicates that the recent value has risen by an impressive 16.16% since then. We note from Uranium Royalty Corp’s average daily trading volume that its 10-day average is 1.31 million shares, with the 3-month average coming to 1.17 million.

Uranium Royalty Corp (NASDAQ:UROY) trade information

Instantly UROY has been showing a green trend so far today with a performance of 2.20% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.40 on recent trading dayincreased the stock’s daily price by 4.58%. The company’s shares are currently down -15.21% year-to-date, but still up 6.98% over the last five days. On the other hand, Uranium Royalty Corp (NASDAQ:UROY) is 2.66% up in the 30-day period. We can see from the shorts that 5.72 million shares have been sold at a short interest cover period of 5.16 day(s).

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Uranium Royalty Corp (UROY) estimates and forecasts

Uranium Royalty Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.58 percent over the past six months and at a -16.67% annual growth rate that is well below the industry average of 0.30%.

UROY Dividends

Uranium Royalty Corp’s next quarterly earnings report is expected to be released in September.

Uranium Royalty Corp (NASDAQ:UROY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 17.27% of Uranium Royalty Corp shares, and 23.84% of them are in the hands of institutional investors. The stock currently has a share float of 28.82%. Uranium Royalty Corp stock is held by 80.0 institutions, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. being the largest institutional investor. By 2024-06-30, it held 6.3342% of the shares, which is about 7.13 million shares worth $16.26 million.

MMCAP INTERNATIONAL INC. SPC, with 2.7771% or 3.13 million shares worth $7.03 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 6.43 shares worth $14.7 million, making up 5.30% of all outstanding shares. On the other hand, Sprott Uranium Miners ETF held roughly 4.46 shares worth around $10.19 million, which represents about 3.67% of the total shares outstanding.