Uranium Energy (NYSEAMERICAN:UEC) Stock Price Up 5.3% – Here’s What Happened

Uranium Energy Corp. (NYSEAMERICAN:UEC) rose 5.3% on Tuesday . The stock traded as high as $7.59 and last traded at $7.45. Approximately 967,356 shares changed hands during trading, a decline of 86% from the average daily volume of 6,785,687 shares. The stock had previously closed at $7.08.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UEC. Roth Mkm reaffirmed a “buy” rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright raised their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Uranium Energy Stock Up 3.8 %

The company has a market capitalization of $3.47 billion, a PE ratio of -68.33 and a beta of 1.89. The stock’s 50-day simple moving average is $6.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy in the 2nd quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in Uranium Energy during the 3rd quarter worth approximately $33,000. Finally, BNP Paribas purchased a new position in shares of Uranium Energy in the 3rd quarter valued at approximately $38,000. 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.