David Kong Sells 50,800 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock

Key Points

• Director David Kong sold 50,800 shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) at an average price of $9.62, totaling approximately $488,696. This sale represents a 21.80% decrease in his position.
• Uranium Energy's stock recently rose 3.4% to $10.18 with a market capitalization of $4.52 billion and a 52-week range between $3.85 and $10.36.
• The stock has a consensus rating of "Buy" from analysts, with an average price target of $10.21, as multiple investment firms have increased their ratings and price targets for the stock.

Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) Director David Kong sold 50,800 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $9.62, for a total transaction of $488,696.00. Following the completion of the transaction, the director owned 182,237 shares in the company, valued at approximately $1,753,119.94. The trade was a 21.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Uranium Energy Trading Up 3.4%

Uranium Energy stock traded up $0.33 during midday trading on Friday, hitting $10.18. The stock had a trading volume of 15,526,508 shares, compared to its average volume of 14,573,904. The firm's fifty day moving average is $7.32 and its two-hundred day moving average is $6.35. The company has a market capitalization of $4.52 billion, a PE ratio of -59.88 and a beta of 1.44. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $10.36.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Uranium Energy in a research note on Tuesday, June 3rd. They issued an "outperform" rating and a $7.75 price target on the stock. HC Wainwright upped their target price on shares of Uranium Energy from $12.25 to $12.75 and gave the company a "buy" rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $10.21.

Institutional Investors Weigh In On Uranium Energy

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in Uranium Energy in the first quarter worth $27,000. IFP Advisors Inc lifted its position in Uranium Energy by 732.8% in the second quarter. IFP Advisors Inc now owns 3,981 shares of the basic materials company's stock worth $27,000 after buying an additional 3,503 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company's stock worth $36,000 after buying an additional 2,364 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Uranium Energy in the first quarter worth $36,000. Finally, Oarsman Capital Inc. lifted its position in Uranium Energy by 900.0% in the first quarter. Oarsman Capital Inc. now owns 10,000 shares of the basic materials company's stock worth $48,000 after buying an additional 9,000 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.

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