Uranium Energy Corp. [UEC] stock Initiated by Canaccord Genuity analyst, price target now $1.50

Uranium Energy Corp. [AMEX: UEC] stock went on a downward path that fall over -12.45% on Friday, amounting to a one-week price decrease of less than -21.57%. The company report on November 9, 2021 that Uranium Energy Corp Creates America’s Largest Uranium Mining Company with the Acquisition of Uranium One Americas.

Uranium Energy Corp. (NYSE American: UEC) (the “Company” or “UEC”) is pleased to announce the Company has entered into a definitive share purchase agreement with Uranium One Investments Inc., a subsidiary of Uranium One Inc. (“Uranium One”), to acquire all the issued and outstanding shares of Uranium One Americas, Inc. (“U1A”) for a total purchase price comprised of $112 million in cash and the replacement (with corresponding payments to the seller) of $19 million in reclamation bonding (the “Acquisition”). Uranium One is the world’s fourth largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom.

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