H.C. Wainwright Believes Fission Uranium (Other OTC: FCUUF) Still Has Room to Grow

In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Fission Uranium (FCUUFResearch Report), with a price target of $0.60. The company’s shares closed last Tuesday at $0.53, close to its 52-week high of $0.57.

According to TipRanks.com, Ihle is a top 25 analyst with an average return of 53.5% and a 72.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.

Currently, the analyst consensus on Fission Uranium is a Strong Buy with an average price target of $0.63.

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The company has a one-year high of $0.57 and a one-year low of $0.14. Currently, Fission Uranium has an average volume of 804.5K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FCUUF in relation to earlier this year.

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Fission Uranium Corp. explores and develops uranium properties. The firm’s project include Patterson Lake South, which is located in Canada’s Athabasca Basin is host to the Triple R deposit. The company was founded by Devinder Randhawa in 2007 and is headquartered in Kelowna, Canada.