Uranium Energy Corp. Still Has No Revenue From Operations

Uranium Energy Corp. Still Has No Revenue From Operations

Summary

Uranium Energy’s stock price has had a wild ride over the last year.

A major reason for the changes in uranium spot prices seems to be because of the Sprott Physical Uranium Trust’s uranium purchases.

Uranium Energy is buying UEX Corp. by issuing stock to UEX shareholders. Uranium Energy still has no operations and only has modest revenue from selling uranium from their purchased uranium inventory. Many French nuclear power plants remain closed because of stress corrosion in pipes. desertsolitaire/iStock via Getty Images Uranium Energy Corp. (NYSE: UEC ) is in the uranium industry, but it is not currently really a mining company. The stock price often trades with the uranium spot price, but the reality, however, is their actual business model is just constantly issuing additional shares in the market. Their biggest risk is a massive amount of uranium held by Sprott Physical Uranium Trust ( OTCPK:SRUUF […]

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