Uranium Energy (UEC) : 4 brokerage houses believe that Uranium Energy (UEC) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.
Uranium Energy (UEC) : Average target price received by Uranium Energy (UEC) is $2.93 with an expected standard deviation of $1.04. The most aggressive target on the stock is $4, whereas the most downbeat target is $2. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Uranium Energy (NYSEMKT:UEC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.08 and $1.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.20, notching a gain of 13.21% for the day. The total traded volume was 3,267,511 . The stock had closed at $1.06 on the previous day.
In a related news, Melbye Scott, officer (Executive Vice President) of Uranium Energy Corp, executed a transaction worth $7,800 on March 11, 2016. A total of 10,000 shares were purchased at an average price of $0.78. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Uranium Energy Corp., formerly Carlin Gold Inc., is engaged in uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates, on projects located in the United States and Paraguay. The Company utilizes in-situ recovery (ISR) mining. The Company has uranium mine located in the state of Texas, the Palangana Mine, which utilizes ISR mining and extracts uranium oxide (U3O8). The Company has uranium processing facility or mill located in the state of Texas, the Hobson Processing Facility, which processes material from the Palangana Mine into drums of U3O8. The Companys projects include Burke Hollow Project, Goliad Project, Longhorn Project, Salvo Project, Nichols Project, Anderson Project, Workman Creek Project, Los Cuatros Project, Slick Rock Project, Yuty Project and Coronel Oviedo Project.