Uranium Energy Corp. [AMEX: UEC] gained 3.65% or 0.17 points to close at $4.83 with a heavy trading volume of 8220582 shares. The company report on August 22, 2023 at 6:55 AM that Uranium Energy Corp Acquires Portfolio of Canadian Uranium Exploration Projects in Saskatchewan’s Athabasca Basin from Rio Tinto Exploration Canada Inc.
NYSE American: UEC.
Uranium Energy Corp (NYSE American: UEC), the “Company” or “UEC”) is pleased to announce that the Company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto Inc. (“Rio Tinto”), to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for $1,500,000 (CAD) (the “Transaction”). The Company has acquired a 60% equity stake in the Henday Lake joint venture (“Henday”), 100% of the Milliken project (“Milliken”), and a 50% equity stake in the Carswell joint venture project (“Carswell”). With this Transaction, UEC has added an additional 44,444 acres (17,986 Ha) of prospective ground in the Athabasca Basin (See Figure 1) to its existing portfolio of 1,091,639 acres (441,771 Ha).
It opened the trading session at $4.70, the shares rose to $4.86 and dropped to $4.67, the range by which the price of stock traded the whole day. The daily chart for UEC points out that the company has recorded 50.47% gains over the past six months. However, it is still -110.0% lower than its most recent low trading price.
If we look at the average trading volume of 5.56M shares, UEC reached to a volume of 8220582 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Uranium Energy Corp. [UEC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UEC shares is $6.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UEC stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for Uranium Energy Corp. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on June 13, 2022.
The Average True Range (ATR) for Uranium Energy Corp. is set at 0.19, with the Price to Sales ratio for UEC stock in the period of the last 12 months amounting to 14.40. The Price to Book ratio for the last quarter was 2.93, with the Price to Cash per share for the same quarter was set at 0.05. Price to Free Cash Flow for UEC in the course of the last twelve months was 66.22 with Quick ratio for the last quarter at 2.30.
Trading performance analysis for UEC stock
Uranium Energy Corp. [UEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.77. With this latest performance, UEC shares gained by 33.80% in over the last four-week period, additionally plugging by 50.47% over the last 6 months – not to mention a rise of 10.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UEC stock in for the last two-week period is set at 78.93, with the RSI for the last a single of trading hit 81.69, and the three-weeks RSI is set at 76.07 for Uranium Energy Corp. [UEC]. The present Moving Average for the last 50 days of trading for this stock 3.74, while it was recorded at 4.69 for the last single week of trading, and 3.41 for the last 200 days.
Uranium Energy Corp. [UEC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Uranium Energy Corp. [UEC] shares currently have an operating margin of -2.62 and a Gross Margin at -18.31. Uranium Energy Corp.’s Net Margin is presently recorded at +22.68.
Return on Total Capital for UEC is now -0.25, given the latest momentum, and Return on Invested Capital for the company is 2.19. Return on Equity for this stock inclined to 2.20, with Return on Assets sitting at 2.01. When it comes to the capital structure of this company, Uranium Energy Corp. [UEC] has a Total Debt to Total Equity ratio set at 0.36. Additionally, UEC Total Debt to Total Capital is recorded at 0.36, with Total Debt to Total Assets ending up at 0.33. Long-Term Debt to Equity for the company is recorded at 0.29, with the Long-Term Debt to Total Capital now at 0.29.
Reflecting on the efficiency of the workforce at the company, Uranium Energy Corp. [UEC] managed to generate an average of $83,365 per employee.Uranium Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 5.00.
An analysis of Institutional ownership at Uranium Energy Corp. [UEC]
The top three institutional holders of UEC stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in UEC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in UEC stock with ownership which is approximately 5.7381%.