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$UEC Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of Uranium Energy Corp. (NYSE American:UEC) traded at a new 52-week high today of $2.56. This new high was reached on below average trading volume as 2.5 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

Uranium Energy Corp. (NYSE American:UEC) is currently priced 14.3% above its average consensus analyst price target of $2.16.

Uranium Energy Corp is engaged in the uranium mining and related activities, including exploration, pre-extraction, extraction and processing, on uranium projects located in the United States and Paraguay. In South Texas, the company’s hub-and-spoke operations are anchored by the fully licensed Hobson processing facility which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, it controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and the highest-grade and largest undeveloped Ferro-Titanium deposits in the world, located in Paraguay.

In the past 52 weeks, shares of Uranium Energy Corp. have traded between a low of $0.35 and a high of $2.56 and is now at $2.52, which is 620% above that low price.

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Monday, February 22nd, 2021 Uncategorized