Uranium Energy (NYSEAMERICAN:UEC) Shares Gap Up to $7.42

Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $7.42, but opened at $7.57. Uranium Energy shares last traded at $7.53, with a volume of 966,577 shares.

Uranium Energy Stock Performance

The firm's 50-day moving average is $6.49. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -753.00 and a beta of 1.83.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $0.12 million for the quarter, compared to the consensus estimate of $16.00 million. Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 1.11%. On average, equities research analysts anticipate that Uranium Energy Corp. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David Kong sold 26,000 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $6.81, for a total value of $177,060.00. Following the transaction, the director now owns 154,085 shares of the company's stock, valued at approximately $1,049,318.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Uranium Energy

Several hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Uranium Energy in the third quarter worth approximately $27,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Uranium Energy in the fourth quarter worth approximately $27,000. EntryPoint Capital LLC increased its position in shares of Uranium Energy by 897.7% in the first quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company's stock worth $29,000 after acquiring an additional 3,905 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth approximately $38,000. Finally, AJOVista LLC purchased a new position in shares of Uranium Energy in the fourth quarter worth approximately $40,000. 62.28% of the stock is currently owned by institutional investors.

About Uranium Energy

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.