JacobH Unlike the price of U 3 O 8 , Uranium Energy Corp.’s (NYSE: UEC ) share price has been on a downward trajectory since early February. And the decline only accelerated after Kerrisdale Capital, an investment management firm, released a Short Report in March, heavily critiquing the company’s management and asset portfolio. The report focused heavily on the size, quality, and stage of development of UEC’s various properties.
In a previous article , I had discussed how UEC needed to bring at least some of its potential productive capacity online within a relatively short timeframe given its high cash burn. I rated the stock a Hold and decided to take a wait and see approach; however, Kerrisdale’s report has prompted me to take a fresh look at the company. In this article, we’ll discuss the report along with UEC’s future prospects. Company Background
UEC is a US-based pre-production uranium […]
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