Why Uranium Energy Stock Keeps Going Down

What happened

Uranium Energy (NYSEMKT: UEC) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET. So what

So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much mining at all — nor can it mine, profitably. Although UEC reported $23 million in sales last year, and $105 million through the […]

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