Why Uranium Energy Corp Stock Shot Higher by as Much as 35% Today

Why Uranium Energy Corp Stock Shot Higher by as Much as 35% Today

What happened

Shares of Uranium Energy Corp (NYSEMKT: UEC) rose a dramatic 35% in the first ninety minutes or so of trading. That massive price gain didn’t last, however, with the stock quickly giving up more than half of the advance over the next ninety minutes or so before turning higher again. At 1 p.m. EDT the shares of the U.S. uranium miner had rebounded back to a roughly 20% gain — not as big as the early price jump but still quite impressive. The likely reason for the price gyrations was a company update. So what

Uranium Energy released a news report explaining that it had filed an earnings report with the Securities and Exchange Commission (SEC) for the fiscal quarter ended Jan. 31. But the bigger news was the update of its balance sheet and the business plans that it discussed in the update. As of March […]

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.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet