Uranium Energy (NYSEAMERICAN:UEC) Trading Down 4.9% – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC)’s stock price fell 4.9% during mid-day trading on Wednesday . The company traded as low as $8.17 and last traded at $8.18. 4,434,364 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 7,643,086 shares. The stock had previously closed at $8.60.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UEC shares. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, September 24th. Roth Mkm restated a “buy” rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Trading Down 5.3 %

The stock has a market cap of $3.35 billion, a PE ratio of -143.31 and a beta of 1.82. The company has a fifty day moving average price of $6.44.

Uranium Energy (NYSEAMERICAN:UEC) last released its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) EPS for the quarter. Research analysts expect that Uranium Energy Corp. will post 0.09 EPS for the current year.

Insider Activity at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye purchased 9,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $4.18 per share, with a total value of $39,710.00. Following the transaction, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at approximately $4,129,969.58. This represents a 0.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amir Adnani acquired 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This trade represents a 1.43 % increase in their position. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uranium Energy

Hedge funds have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Uranium Energy in the second quarter valued at $26,000. EntryPoint Capital LLC boosted its position in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,905 shares during the period. Farther Finance Advisors LLC grew its position in Uranium Energy by 5,130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after buying an additional 4,720 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new stake in shares of Uranium Energy during the third quarter valued at approximately $33,000. Finally, BNP Paribas acquired a new position in Uranium Energy in the third quarter worth about $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.