Uranium Energy (UEC) : Traders are bullish on Uranium Energy (UEC) as it has outperformed the S&P 500 by a wide margin of 18.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 13.45% in the last 1 week, and is up 19.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 14.99% and the 50-Day Moving Average is 16.67%. Uranium Energy (NYSEMKT:UEC): On Fridays trading session , Opening price of the stock was $1.23 with an intraday high of $1.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.1. However, the stock managed to close at $1.12, a loss of 6.67% for the day. On the previous day, the stock had closed at $1.2. The total traded volume of the day was 1,757,120 shares.
The company Insiders own 5.6% of Uranium Energy shares according to the proxy statements. Institutional Investors own 24% of Uranium Energy shares. During last six month period, the net percent change held by insiders has seen a change of 15.41%.
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.