Uranium Energy Sees Unusually High Options Volume (NYSEAMERICAN:UEC)

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the recipient of some unusual options trading on Monday. Stock investors purchased 23,964 call options on the stock. This represents an increase of 113% compared to the typical daily volume of 11,237 call options.

Uranium Energy Stock Performance

Shares of UEC opened at $6.67 on Tuesday. Uranium Energy has a fifty-two week low of $3.85 and a fifty-two week high of $8.93. The stock has a market capitalization of $2.82 billion, a PE ratio of -55.58 and a beta of 1.88. The company’s fifty day moving average is $5.54 and its 200 day moving average is $6.51.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Harbour Investments Inc. increased its position in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the period. Versant Capital Management Inc purchased a new position in shares of Uranium Energy in the 1st quarter valued at $27,000. Generali Investments Management Co LLC bought a new position in shares of Uranium Energy in the 4th quarter worth $30,000. Farther Finance Advisors LLC boosted its position in Uranium Energy by 43.5% during the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uranium Energy during the first quarter valued at about $36,000. Institutional investors own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets started coverage on shares of Uranium Energy in a report on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 price target for the company. Stifel Nicolaus set a $10.50 price target on Uranium Energy in a research note on Wednesday, March 12th. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, HC Wainwright restated a “buy” rating and issued a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.13.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.