Uranium Energy (NYSEAMERICAN:UEC) Trading Down 6.1%

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) traded down 6.1% during mid-day trading on Monday . The company traded as low as $4.76 and last traded at $5.05. 2,739,306 shares were traded during mid-day trading, a decline of 57% from the average session volume of 6,405,238 shares. The stock had previously closed at $5.38.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Securities assumed coverage on Uranium Energy in a research note on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $8.00 price target on shares of Uranium Energy in a research note on Tuesday, August 1st. Finally, TD Cowen initiated coverage on Uranium Energy in a report on Wednesday, September 13th. They issued a “speculative buy” rating and a $6.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Uranium Energy Stock Down 0.2 %

The stock’s fifty day moving average price is $3.12. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 533.53 and a beta of 2.02.

Insider Buying and Selling at Uranium Energy

In other news, Director Moya Gloria L. Ballesta sold 50,000 shares of Uranium Energy stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $3.21, for a total value of $160,500.00. Following the sale, the director now directly owns 76,730 shares of the company’s stock, valued at $246,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEC. Chicago Partners Investment Group LLC purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $26,000. Mutual Advisors LLC purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $29,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $29,000. Apexium Financial LP purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $29,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Uranium Energy in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 49.03% 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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Dalton Pass and C de Baca project located in New Mexico; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.