Why Uranium Energy Stock Keeps Going Down

What happened

Uranium Energy ( UEC 0.37%) 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.

(0.37%) $0.01Current Price$2.73UEC Key Data Points Volume22,778,6808,733,031 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 […]

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