Uranium Energy (UEC) Gains As Market Dips: What You Should Know

Uranium Energy (UEC) closed at $3.07 in the latest trading session, marking a +0.33% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.2%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 1.54%.

Prior to today’s trading, shares of the uranium mining and exploration company had gained 14.18% over the past month. This has outpaced the Basic Materials sector’s loss of 2.2% and the S&P 500’s gain of 4.14% in that time.

Uranium Energy will be looking to display strength as it nears its next earnings release. On that day, Uranium Energy is projected to report earnings of -$0.02 per share, which would represent a year-over-year decline of 166.67%.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0 per share and revenue of $113.95 million, which would represent changes of -100% and +391.99%, respectively, from the prior year.It is also important […]

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