Uranium Energy (UEC) Shares are Down -4.46%

Uranium Energy (UEC) has risen sharply, recording gains of 14.64% in the past 4 weeks. However, the stock has corrected -4.46% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Uranium Energy Corp. is up 48.61% in the last 3-month period. Year-to-Date the stock performance stands at 0.94%. The stock has recorded a 20-day Moving Average of 5.37% and the 50-Day Moving Average is 10.2%.


Uranium Energy (NYSEMKT:UEC): The stock opened at $1.08 on Friday but the bulls could not build on the opening and the stock topped out at $1.08 for the day. The stock traded down to $1.06 during the day, due to lack of any buying support eventually closed down at $1.07 with a loss of -0.93% for the day. The stock had closed at $1.08 on the previous day. The total traded volume was 367,898 shares.

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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