09:47:38 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



IsoEnergy Ltd
Symbol ISO
Shares Issued 106,806,270
Close 2022-06-22 C$ 3.03
Market Cap C$ 323,622,998
Recent Sedar Documents

Globe says new coverage rates IsoEnergy "buy"

2022-06-22 09:06 ET - In the News

The Globe and Mail reports in its Wednesday, June 22, edition that Eight Capital analyst Puneet Singh started coverage on IsoEnergy with a "buy" recommendation, calling its Hurricane deposit "the best uranium discovery in the Athabasca basin since NexGen's Arrow." The Globe's David Leeder writes that Mr. Singh targets the shares at $7.10. Analysts on average target the shares at $6.88. Mr. Singh says, "It is likely that IsoEnergy may have a much larger resource than our initial estimate of Larocque East." Mr. Singh says in a note: "Hurricane is shaping up to be a major discovery, measuring up to 12m thick and 125m wide with a strike length of 1km. The crystalline basement, unconformity hosted deposit has a fault system that is common for the Athabasca basin. Other unconformity hosted high grade uranium deposits in Saskatchewan include Cameco's MacArthur River and Cigar Lake (highest grade uranium mines in the world). Typically, higher grade uranium deposits display mineralization close to the unconformity, which is the case here. ... We expect IsoEnergy's multiples to expand (higher than other uranium names under coverage since it's actively exploring) as drilling results potentially drive shares higher."

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