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

Uranium Energy Corp. (NYSEAMERICAN:UEC) was the target of some unusual options trading on Wednesday. Stock traders acquired 14,412 call options on the company. This represents an increase of approximately 138% compared to the average volume of 6,054 call options.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UEC. Roth Mkm boosted their price objective on shares of Uranium Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, September 25th. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a report on Tuesday, September 24th.

Insider Buying and Selling at Uranium Energy

In other news, EVP Scott Melbye bought 9,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.18 per share, with a total value of $39,710.00. Following the completion of the purchase, the executive vice president now directly owns 988,031 shares in the company, valued at $4,129,969.58. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Scott Melbye acquired 9,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $4.18 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the executive vice president now owns 988,031 shares in the company, valued at approximately $4,129,969.58. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amir Adnani bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $4.10 per share, with a total value of $246,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,242,326 shares in the company, valued at $17,393,536.60. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Uranium Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Uranium Energy in the 2nd quarter worth approximately $26,000. EntryPoint Capital LLC grew its stake 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 during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Uranium Energy during the fourth quarter valued at $64,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Uranium Energy in the 1st quarter worth about $68,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in Uranium Energy during the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC traded up $0.62 during midday trading on Wednesday, hitting $7.96. 21,268,910 shares of the company traded hands, compared to its average volume of 7,394,747. Uranium Energy has a 12-month low of $4.06 and a 12-month high of $8.34. The firm has a 50-day moving average of $6.36.

Uranium Energy (NYSEAMERICAN:UEC) last posted its earnings results on Thursday, September 26th. The basic materials company reported ($0.03) earnings per share for the quarter. Uranium Energy had a negative return on equity of 4.98% and a negative net margin of 8.20%. Research analysts anticipate that Uranium Energy will post 0.09 earnings per share for the current year.

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.