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

Uranium Energy Corp. (NYSEAMERICAN:UEC) shares saw an uptick in trading volume on Thursday . 112,491 shares changed hands during mid-day trading, a decline of 98% from the previous session’s volume of 6,090,700 shares.The stock last traded at $3.06 and had previously closed at $3.11.

The company has a market cap of $683.42 million, a PE ratio of -32.55 and a beta of 2.42. The business’s fifty day simple moving average is $1.60.

In other news, Director Moya Gloria L. Ballesta sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $2.31, for a total transaction of $46,200.00. Following the completion of the sale, the director now directly owns 97,163 shares in the company, valued at $224,446.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amir Adnani sold 109,220 shares of the firm’s stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $2.28, for a total value of $249,021.60. The disclosure for this sale can be found here. Insiders have sold 134,220 shares of company stock valued at $306,072 over the last 90 days. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently modified their holdings of UEC. Meeder Asset Management Inc. lifted its holdings in Uranium Energy by 1,006.1% in the second quarter. Meeder Asset Management Inc. now owns 14,623 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 13,301 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Uranium Energy during the first quarter valued at approximately $101,000. GWM Advisors LLC raised its holdings in shares of Uranium Energy by 98.0% during the second quarter. GWM Advisors LLC now owns 99,000 shares of the basic materials company’s stock valued at $263,000 after buying an additional 49,000 shares during the last quarter. Quilter Plc raised its holdings in shares of Uranium Energy by 15.8% during the first quarter. Quilter Plc now owns 29,333 shares of the basic materials company’s stock valued at $84,000 after buying an additional 3,992 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Uranium Energy by 398.2% during the first quarter. Cubist Systematic Strategies LLC now owns 56,336 shares of the basic materials company’s stock valued at $161,000 after buying an additional 45,027 shares during the last quarter. 33.97% of the stock is currently owned by institutional investors and hedge funds.

Uranium Energy Company Profile (NYSEAMERICAN:UEC)

Uranium Energy Corp. is engages in mining and exploration of uranium. Its activities also include pre-extraction, extraction and processing on uranium projects. The company was founded by Alan P. Lindsay and Amir Adnani on May 16, 2003 and is headquartered in Vancouver, Canada.

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