Uranium Energy (NYSEAMERICAN:UEC) Sees Unusually-High Trading Volume – Here’s Why

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw an uptick in trading volume on Wednesday . 4,592,990 shares were traded during trading, a decline of 37% from the previous session’s volume of 7,304,466 shares.The stock last traded at $7.80 and had previously closed at $7.34.

Wall Street Analysts Forecast Growth

UEC has been the subject of several research reports. Roth Mkm increased their price target on Uranium Energy from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. HC Wainwright reiterated a “buy” rating and set a $10.25 target price on shares of Uranium Energy in a research report on Tuesday, September 24th.

Uranium Energy Price Performance

The company has a market capitalization of $3.44 billion, a PE ratio of -139.14 and a beta of 1.84. The company has a fifty day simple moving average of $6.36.

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

Insider Transactions at Uranium Energy

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in Uranium Energy by 3.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock worth $239,000 after buying an additional 1,461 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Uranium Energy by 1.0% in the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 1,844 shares during the last quarter. Choreo LLC boosted its stake in shares of Uranium Energy by 11.0% in the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 2,420 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Uranium Energy by 7.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,436 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 2,585 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of 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. Hedge funds and other 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.