Uranium Energy Sees Unusually High Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading activity on Tuesday. Stock investors bought 28,475 put options on the stock. This represents an increase of approximately 145% compared to the typical volume of 11,641 put options.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC remained flat at $6.39 during trading on Tuesday. The stock had a trading volume of 8,383,279 shares, compared to its average volume of 7,009,479. The company’s 50 day moving average price is $6.64. Uranium Energy has a fifty-two week low of $4.06 and a fifty-two week high of $8.93. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -53.25 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Roth Mkm reissued a “buy” rating and set a $10.25 price objective (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd. National Bank Financial initiated coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, HC Wainwright boosted their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of Uranium Energy by 107.6% during the fourth quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock worth $2,350,000 after buying an additional 182,016 shares during the period. Van ECK Associates Corp lifted its stake in Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after acquiring an additional 1,645,919 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Uranium Energy during the 3rd quarter worth approximately $12,643,000. Intech Investment Management LLC bought a new position in shares of Uranium Energy during the 3rd quarter worth approximately $600,000. Finally, Barclays PLC raised its holdings in shares of Uranium Energy by 394.5% in the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock valued at $4,329,000 after purchasing an additional 556,081 shares during the last quarter. 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.