CanAlaska Uranium (CVE:CVV) Shares Down 9.3% - What's Next?

CanAlaska Uranium Ltd. (CVE:CVV - Get Free Report) dropped 9.3% during trading on Tuesday . The stock traded as low as C$0.84 and last traded at C$0.88. Approximately 960,303 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 654,707 shares. The stock had previously closed at C$0.97.Get CanAlaska Uranium alerts:Analyst Upgrades and DowngradesSeparately, Canaccord Genuity Group set a C$1.35 target price on shares of CanAlaska Uranium and gave the stock a "moderate buy" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$1.35.View Our Latest Analysis on CanAlaska UraniumCanAlaska Uranium Trading Down 9.3%The company has a market cap of C$193.41 million, a PE ratio of -9.78 and a beta of 0.58. The company has a fifty day simple moving average of C$0.79 and a two-hundred day simple moving average of C$0.81. See AlsoFive stocks we like better than CanAlaska UraniumNew Copper-Rich “Kraken” Zone DiscoveredSilver Is the New Oil—And the World’s Running DryAmerica’s 1776 happening again3 Signs You May Want to Switch Financial AdvisorsSilver's squeeze is tightening - opportunity formingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CanAlaska Uranium Right Now?Before you consider CanAlaska Uranium, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CanAlaska Uranium wasn't on the list.While CanAlaska Uranium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here