Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $5.32

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) gapped up before the market opened on Friday . The stock had previously closed at $5.32, but opened at $5.65. Uranium Energy shares last traded at $5.61, with a volume of 2,136,125 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UEC shares. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Uranium Energy in a report on Wednesday, August 14th. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Uranium Energy in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and an average price target of $10.19.

Uranium Energy Trading Up 6.8 %

The stock’s fifty day moving average price is $6.50. The firm has a market capitalization of $2.32 billion, a PE ratio of -187.00 and a beta of 1.84.

Insider Activity at Uranium Energy

In related news, CEO Amir Adnani bought 60,000 shares of Uranium Energy stock in a transaction dated Friday, September 6th. The shares were bought at an average cost 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 in the company, valued at approximately $17,393,536.60. The transaction 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 bought 9,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares of the company’s stock, valued at $4,129,969.58. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amir Adnani purchased 60,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $4.10 per share, for a total transaction of $246,000.00. Following the purchase, the chief executive officer now owns 4,242,326 shares in the company, valued at approximately $17,393,536.60. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Uranium Energy

Several large investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in Uranium Energy in the second quarter valued at approximately $26,000. EntryPoint Capital LLC grew 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 worth $29,000 after acquiring an additional 3,905 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Uranium Energy in the 4th quarter worth about $64,000. Parallel Advisors LLC raised its position in Uranium Energy by 39.7% in the fourth 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 last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Uranium Energy during the first quarter valued at about $68,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Company Profile

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.