Uranium Energy (NYSEAMERICAN:UEC) Shares Up 8.6%

Uranium Energy Corp. (NYSEAMERICAN:UEC) shot up 8.6% on Thursday . The stock traded as high as $5.42 and last traded at $5.41. 2,599,268 shares were traded during trading, a decline of 63% from the average session volume of 7,115,477 shares. The stock had previously closed at $4.98.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UEC. Roth Mkm reiterated a “buy” rating and set 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 set a $10.25 target price on shares of Uranium Energy in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.19.

Uranium Energy Stock Up 4.1 %

The company has a market cap of $2.26 billion, a price-to-earnings ratio of -184.00 and a beta of 1.84. The firm’s fifty day moving average price is $6.50.

Insider Buying and Selling at Uranium Energy

In other Uranium Energy news, EVP Scott Melbye acquired 9,500 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition 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 acquired 9,500 shares of the stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amir Adnani acquired 60,000 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $4.10 per share, with a total value of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at $17,393,536.60. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its position in Uranium Energy by 1.0% during the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 1,844 shares during the period. Choreo LLC boosted its position in Uranium Energy by 11.0% during 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 during the period. Wealth Enhancement Advisory Services LLC boosted its position in Uranium Energy by 7.2% during 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 during the period. Parallel Advisors LLC boosted its position in Uranium Energy by 39.7% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,923 shares during the period. Finally, EntryPoint Capital LLC boosted its position 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 period. Institutional investors and hedge funds 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.