Uranium Energy (NYSEAMERICAN:UEC) Sees Unusually-High Trading Volume

Uranium Energy Corp. (NYSEAMERICAN:UEC) saw unusually-high trading volume on Monday . Approximately 16,323,090 shares were traded during mid-day trading, an increase of 126% from the previous session’s volume of 7,217,187 shares.The stock last traded at $6.21 and had previously closed at $5.54.

Analyst Ratings Changes

Several research firms have commented on UEC. Roth Mkm reissued a “buy” rating and issued a $9.00 target price on shares of Uranium Energy in a research report on Wednesday, August 14th. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.19.

Uranium Energy Trading Up 11.7 %

The company has a fifty day moving average price of $6.50. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -195.33 and a beta of 1.84.

Insider Activity

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

Institutional Investors Weigh In On Uranium Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in Uranium Energy by 25.0% in the 4th quarter. Victory Capital Management Inc. now owns 50,822 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 10,163 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Uranium Energy by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,006,974 shares of the basic materials company’s stock worth $19,245,000 after purchasing an additional 118,785 shares during the last quarter. UBS Group AG grew its position in Uranium Energy by 35.7% in the fourth quarter. UBS Group AG now owns 996,345 shares of the basic materials company’s stock valued at $6,377,000 after purchasing an additional 262,262 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Uranium Energy in the 4th quarter valued at $615,000. Finally, Chesapeake Capital Corp IL bought a new stake in Uranium Energy during the 4th quarter worth about $304,000. 62.28% of the stock is owned by institutional investors.

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.