Analyst Price Target Update on Uranium Energy (NYSEMKT:UEC)

Uranium Energy (NYSEMKT:UEC): The stock price is expected to reach $ 2.98 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $4 while the lower estimate is at $2. The standard deviation of the price stands at $1.01.

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Executive Vice President) of Uranium Energy Corp, Melbye Scott had purchased shares worth of $7,800 in a transaction dated on March 11, 2016. A total of 10,000 shares were purchased at a price of $0.78 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Uranium Energy (NYSEMKT:UEC) : On Monday heightened volatility was witnessed in Uranium Energy (NYSEMKT:UEC) which led to swings in the share price. The stock opened for trading at $1 and hit $1.09 on the upside , eventually ending the session at $1.06, with a gain of 6% or 0.06 points. The heightened volatility saw the trading volume jump to 1,287,810 shares. The 52-week high of the share price is $2.88 and the company has a market cap of $123 million. The 52-week low of the share price is at $0.65 .

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.

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