Should You Follow Insider Buying on This Uranium Stock?

Uranium – chemical element Uranium in periodic table of elements by HT Ganzo via iStock Valued at $2.14 billion by market cap, Uranium Energy Corp. (UEC) is a Texas-based mining and exploration company involved in the pre-extraction, extraction, and exploration of uranium mines and projects in the southwestern U.S. states and Paraguay. The company is the largest resource and land owner in Canada’s Athabasca Basin and also the holder of the world’s highest-grade ferro-titanium deposit.

UEC specializes in a process known as in-situ recovery (ISR) for uranium extraction, which is a lower-cost and more environmentally friendly method of producing yellowcake. Incorporated in 2003, the small-cap company is headquartered in Corpus Christi, Texas.

Uranium Energy stock is down 20% on a year to date basis, and set a new 52-week low as recently as Sept. 6. However, UEC has bounced back sharply from that recent low, up 20% in just the past […]

Click here to view original web page at www.barchart.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.