Uranium Energy (NYSEAMERICAN:UEC) Sets New 1-Year High – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC) hit a new 52-week high on Thursday . The stock traded as high as $8.36 and last traded at $8.35, with a volume of 1718120 shares changing hands. The stock had previously closed at $7.96.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UEC shares. Roth Mkm lifted their price target on Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th. HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Uranium Energy in a report on Tuesday, September 24th.

Uranium Energy Trading Up 4.8 %

The firm has a fifty day simple moving average of $6.36. The firm has a market capitalization of $3.43 billion, a P/E ratio of -139.64 and a beta of 1.84.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 4.98%. Equities research analysts forecast that Uranium Energy Corp. will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Amir Adnani bought 60,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.10 per share, with a total value of $246,000.00. Following the transaction, 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 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uranium Energy news, EVP Scott Melbye bought 9,500 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares in the company, valued at $4,129,969.58. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amir Adnani purchased 60,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new stake in Uranium Energy in the 2nd quarter valued at about $26,000. EntryPoint Capital LLC boosted its stake in Uranium Energy by 897.7% during the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Uranium Energy during the 4th quarter valued at about $64,000. Kingswood Wealth Advisors LLC acquired a new position in Uranium Energy during the 1st quarter valued at about $68,000. Finally, Blackhawk Capital Partners LLC. acquired a new position in Uranium Energy during the 2nd quarter valued at about $69,000. Institutional investors own 62.28% of the company’s stock.

About Uranium Energy

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.